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April 16, 2021
Question

Where do I show bank interest payments that I paid?

  • April 16, 2021
  • 1 reply
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can I deduct Bank loan interest payments?

1 reply

April 16, 2021

It depends what bank interest payments you made.

 

You may be able to deduct mortgage interest payments. See Can I deduct my mortgage?

 

If you have personal bank interest, no, that interest is not deductible.

 

If you have a business and you have bank interest related to your business, yes, you can deduct it. See Where do I enter my self-employment business expenses, like home office, vehicle mileage, and supplies?

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