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Returning Member
posted Apr 29, 2023 7:50:56 AM

interest received on an investment loan -

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

0 1 401
1 Replies
Returning Member
May 1, 2023 10:53:36 AM

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