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Can i put the interest of my new car and the loan pay it bi-weekly too?

I have my interest % and also my payments loans bi-weekly, i have to put both or just the % interest?
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Can i put the interest of my new car and the loan pay it bi-weekly too?

No, you can only claim the interest portion of your car loan payments, not the principal. You can take CCA on the car which is based on the cost of the car.

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3 Replies
Moussi2
Moderator

Can i put the interest of my new car and the loan pay it bi-weekly too?

Some of the interest you pay on your mortgage, loans, or credit cards may be deductible on your tax return, if eligible. Please read this TurboTax article to learn more about it. 

 

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Can i put the interest of my new car and the loan pay it bi-weekly too?

Hi thanks, but I think I wasn´t clear with my question.

In the INTEREST EXPENSIVE I enter the interes of my new car for Uber, for example $2000.

and in ANOTHER EXPENSES can I enter the total of I pay of the my Car loan?

Can I put Both or just the main interest.?

Can i put the interest of my new car and the loan pay it bi-weekly too?

No, you can only claim the interest portion of your car loan payments, not the principal. You can take CCA on the car which is based on the cost of the car.