Question

Is the "Total interest paid on your car" the amount I paid for my car in monthly payments?

Forum|Forum|4 years ago
April 18, 2022
1 reply
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If I was responsible for paying off the car I used for work, are those monthly payments the "total interest paid on your car" or is that referring to something else?

TurboTax Self Employed Online

P

PattiF

The total interest is something else besides the total of the monthly car payments. The monthly statements from the loan would list the interest that was part of the payment. The interest rate would be 4% or more. Add the interest to find out the yearly payment.

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