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March 17, 2020
Question

SBA Loan interest

  • March 17, 2020
  • 1 reply
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I do not see a line item for SBA Loan interest paid on this years' Schedule C.  Where do I enter this item?

    1 reply

    March 17, 2020

    Follow the directions below to enter out small business loan interest on schedule c:

    1. Log in and open your return
    2. Type schedule c into the search field and click the jump to link that appears
    3. On the next screen click the Edit tab beside your schedule c
    4. Scroll down and click Add Expenses for This Work
    5. Scroll down and select Othe Miscellaneous Expenses
    6. On the next screen enter the description and amount of interest
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