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June 7, 2019
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My student loans were consolidated in 2014, but have been in forbearance all of 2016. Interest has accrued but i have not paid anything, do i need to document anything?

  • June 7, 2019
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    Best answer by Phillip1

    No. Student loan interest is only deductible if it has been paid. Since your loans were in forbearance for all of 2016, you did not make payments. Therefore, the interest accrued in 2016 cannot be deducted, and, since there is no deduction, nothing needs to be documented for 2016 student loan interest tax purposes.

    1 reply

    Phillip1Answer
    Employee
    June 7, 2019

    No. Student loan interest is only deductible if it has been paid. Since your loans were in forbearance for all of 2016, you did not make payments. Therefore, the interest accrued in 2016 cannot be deducted, and, since there is no deduction, nothing needs to be documented for 2016 student loan interest tax purposes.