Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
E
echol1sa
February 28, 2021
Question

Do living expenses such rent count when student loan is used to pay for it and unemployed accounting to 1098-T?

  • February 28, 2021
  • 1 reply
  • 0 views
No text available

1 reply

D
DanaB27
February 28, 2021

Room and board expenses do not qualify as expenses for the education credits. Please see What education tax credits are available? and What are qualified education expenses for the American Opportunity and Lifetime Learning credits? for details.

 

But if you you trying to deduct your student loan interest from Form 1098-E then you can do that if you used it to pay school-related expenses, including your room and board. Please see Can I claim my student loan? for additional information.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
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