No, the principal portion of any loan used to generate income is not deductible. You can only claim the interest portion.
kimberly-a-nield
New Member
deepa-ps31-gmail
New Member
beccagroves
Level 1
K-KO
Level 1
tom-jen
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.