Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
C
cjphoto-infinity
March 16, 2025
Question

For business expenses, where do I enter interest on an automobile loan?

  • March 16, 2025
  • 2 replies
  • 0 views
No text available

    2 replies

    M
    Mike9241
    March 16, 2025

    If it is schedule C it's under the asset listing for the vehicle 

    S
    SabrinaD2
    March 16, 2025

    To enter interest on an automobile loan for business expenses that you didn't record as automobile expense (you must be signed into your return for this link to work) in TurboTax follow the steps below

    1. Log in to TurboTax.
    2. Navigate to Federal Taxes.
    3. Go to Deductions.
    4. Select Business Expenses.
    5. Choose Common Business Expenses.
    6. Enter Interest Expense: If you paid or incurred interest in the course of your trade or business activities that you have not claimed elsewhere on this return, enter that amount.
       

    Original Post.

    TurboTax Sign In Widget
    TurboTax flag icon

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsCookie settingsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification