I borrowed money on which I am paying interest to a bank for the purpose of investing in securities. Where do I claim the total interest I payed in the 2019 year?
I borrowed money on which I am paying interest to a bank for the purpose of investing in securities. Where do I claim the total interest I payed in the 2019 year?
I borrowed money on which I am paying interest to a bank for the purpose of investing in securities. Where do I claim the total interest I payed in the 2019 year?
You can claim the full amount of your Interest or Carrying Charges including GST/HST on Line 22100 of your tax return. To claim this in TurboTax, you can do so in two ways:
From the sidebar in TurboTax, go to Income > Investment Expenses > check the box beside Investment management and advice (includes carrying charges) > Continue
Using the Find button (little magnifying glass in the top right corner), type in Invest > highlight Investment Expenses > click Go
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.
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