Deducting Loan Interest

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  • TSDaycare
    Daycare.com Member
    • Oct 2009
    • 138

    Deducting Loan Interest

    How do I deduct loan interest on a loan that was taken out to pay taxes due? I've had it for 3 years already, but it just occurred to me I may be able to use it as a deduction.
  • TomCopeland
    Business Author/Trainer
    • Jun 2010
    • 3062

    #2
    loan interest

    Originally posted by TSDaycare
    How do I deduct loan interest on a loan that was taken out to pay taxes due? I've had it for 3 years already, but it just occurred to me I may be able to use it as a deduction.
    Use your time-space % to deduct this loan interest.
    http://www.tomcopelandblog.com

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