I'm doing my 2023 Taxes (USA) and need to find the fees /interest paid

I'm doing my 2023 Taxes (USA) and need to find the fees /interest paid for the loan. 

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Hey there @LIZ94108.  I can help you with the technical part of this.  Go to your current loan in your online dashboard, and open the loan details page.  There is a “show details” button there that will show you the loan fee for your current loan.  Also on that page — accessible by clicking the ellipses (…) is your loan agreement, which spells out your loan fees.

 

As for how much, if any, of this you can report as a deduction on your taxes, you’ll need to consult with your tax preparer.  Depending on how you have booked your loan/fees and loan payments, your deduction calculations will be different that others might.

Chip A.
Square Expert & Innovator and member of the Square Champions group. (But NOT a Square employee, just a seller like you)

Was my post helpful? Take a moment to mark it as a solution. Marked solutions help other sellers find possible resolutions to similar problems. Also, if you find your solution elsewhere (say, through Support), it is helpful to come back to your post and tell us about it, then mark that as a Solution. Solutions are what this Community is all about!

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Hey there @LIZ94108.  I can help you with the technical part of this.  Go to your current loan in your online dashboard, and open the loan details page.  There is a “show details” button there that will show you the loan fee for your current loan.  Also on that page — accessible by clicking the ellipses (…) is your loan agreement, which spells out your loan fees.

 

As for how much, if any, of this you can report as a deduction on your taxes, you’ll need to consult with your tax preparer.  Depending on how you have booked your loan/fees and loan payments, your deduction calculations will be different that others might.

Chip A.
Square Expert & Innovator and member of the Square Champions group. (But NOT a Square employee, just a seller like you)

Was my post helpful? Take a moment to mark it as a solution. Marked solutions help other sellers find possible resolutions to similar problems. Also, if you find your solution elsewhere (say, through Support), it is helpful to come back to your post and tell us about it, then mark that as a Solution. Solutions are what this Community is all about!
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