Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
S
shelbydewulf1108
December 30, 2020
Question

Brady, a FT college student in 2019, received support via student loans. Does that qualify him as paying for more than half his living expenses? He lived on campus

  • December 30, 2020
  • 2 replies
  • 0 views
The loans covered room/board and tuition. He lived with me 3 months off and on throughout the year

2 replies

B
Bsch4477
Employee
December 30, 2020

Loans do count as support but time at school counts as time living with you and that has value. Use the worksheet to determine support included in this answer. 
https://ttlc.intuit.com/community/college-education/discussion/do-student-loans-count-as-support/00/440776/amp

Hal_Al
Hal_Al
Employee
December 30, 2020

If the parent co-signed the loans, the loan money is NOT considered as support provided by the student.

 

 

TurboTax Sign In Widget
TurboTax flag icon

Unlock tailored help options in your account

Create an account
TurboTax Expert Assist
TurboTax Expert

Get answers to all your tax questions

Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

Terms & ConditionsAccessibility statement
Intuit
TurboTax Credit Karma QuickBooks MailChimp

©1997-2022 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
of Intuit Inc. Terms and conditions, features, support, pricing, and service options
subject to change without notice.

Security Certification of the TurboTax Online application has been performed by
C-Level Security.

By accessing and using this page you agree to the Terms of Use.

Accessibility

TRUSTe nResult Certified e-File C-Level Security Certification