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E
eluna-2202
March 13, 2021
Question

If I didn't report last year's interest paid on my car, what can I do about that now, if I am reporting it this year?

  • March 13, 2021
  • 1 reply
  • 0 views
I overlooked this section on my taxes last year and did not ask my lender on the interest paid on the vehicle for 2019. I am reporting it this year, 2020, so I'd like to know if I can stack it together.

1 reply

T
ThomasM125
March 13, 2021

No, you can only deduct the interest in the year that it was paid.

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