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Newbie - Can't find Accounting Transaction category for Vehicle loan

jaylevanjaylevan Member Posts: 1

Newbie - Can't find Accounting Transaction category for a Vehicle loan

in Accounting Technical Support

Comments

  • MikegMikeg Member Posts: 995 ✭✭✭

    A vehicle loan is a liability. You cannot deduct the payment of a debt as an expense. Only the interest paid is deductible.
    Mike G, CPA
    www.mgfinancial.net

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