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J
jlalfieri
April 15, 2022
Question

Why is turbotax entering student loan interest as itemized deduction where standard deduction is greater instead of adjustment to income?

  • April 15, 2022
  • 1 reply
  • 0 views
My student loan interest is not on my 1040 as an adjustment to income (Line 10 coming from Schedule 1) but instead Turbotax enters it as a deduction to be itemized, where I am better taking the standard deduction.

1 reply

DoninGA
DoninGA
Employee
April 15, 2022

Don't know how you are seeing the student loan interest payment on Schedule A as an itemized deduction.  Schedule A has nothing to do with education expenses whatsoever.

 

Student Loan interest payments are reported on Schedule 1 Line 21.  The totals from Schedule 1 Part II Line 26 flows to the Form 1040 Line 10a

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