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April 29, 2023
Question

interest received on an investment loan -

  • April 29, 2023
  • 1 reply
  • 0 views

I received interest on a spousal loan for investments.  Where do I report this in TurboTax standard?  Other income, or investments

1 reply

jakereelglass
May 1, 2023

Hi! 

Interest on a spousal loan is reported as Income, so should go under the "other income" section. here is some more info on Spousal loans: https://turbotax.intuit.ca/tips/one-way-to-split-income-with-your-spouse-a-spousal-loan-2391