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posted Jun 9, 2025 10:43:05 AM

Apprentice mechanic tools - interest on loan

My son is an apprentice mechanic and made a significant purchase of tools for this trade and took out a 5-year loan to finance the expense.  How and where do I input the interest on the loan

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Moderator
Jun 10, 2025 1:25:10 PM

There is no deduction for interest on loans used to buy Apprentice mechanic tools.