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How do I calculate how much of my student loan interest deduction is from each state?

Forum|Forum|7 years ago
June 1, 2019
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I paid student loans all year, but lived part of the year in OR and part in CA.

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Best answer by AnnetteB6

You have a choice of how to allocate income and deduction items to each state. You can use any of the following methods:

Go by the income you earned while you lived in the state
Go by the time you spent in the state
Go by an association with the state

Since you paid student loan interest throughout the year for the whole year, the most appropriate allocation would be by the time you spent in each state. For example if you spent 3 months in one state and 9 months in the other, allocate 25% of the interest to the first state and 75% to the other.

A

AnnetteB6Answer

You have a choice of how to allocate income and deduction items to each state. You can use any of the following methods:

Go by the income you earned while you lived in the state
Go by the time you spent in the state
Go by an association with the state

Since you paid student loan interest throughout the year for the whole year, the most appropriate allocation would be by the time you spent in each state. For example if you spent 3 months in one state and 9 months in the other, allocate 25% of the interest to the first state and 75% to the other.

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