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June 1, 2019
Question

If I took a student loan for this current school year, am I supposed to include that in my return, or do I do that when I actually start paying it back?

  • June 1, 2019
  • 1 reply
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1 reply

Employee
June 1, 2019

Yes, you will not enter a student loan on your return as you are required to repay it.

As you suggested, you may be able to deduct the interest paid (subject to certain qualification's and restrictions) on a student loan as you begin the repayment process.