Question

How do I claim interest paid on a loan meant to earn income?

Forum|Forum|4 years ago
April 1, 2022
1 reply
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I pay interest on a loan to earn income.
How do I claim it?

If you are using TurboTax Online, you can claim interest paid on the loan using these steps:

From the left sidebar, select “Income”, then "Investment Expenses".
Check the box "Interest paid to earn interest, dividend and royalty income" then click Continue.
Enter the amount of interest you paid, then click Continue to save your changes.

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