Question

When it asks “did you pay student loans durning the year 2019” does it count if they took your taxes from 2019 to pay towards student loans?

Forum|Forum|6 years ago
February 12, 2020
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TurboTax Free Edition Online

Employee

"Taking your tax" is the same thing as you using your own money to pay the loan so yes it counts. Only the *interest* that was paid on the loan is deductible. If over $600 on interest then you should receive a 1098-E form reporting that. If less than $600 they don't send a form but it is still deductible but you would have to get the amount of interest paid from your statements or ask the loan administrator.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**