turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

dzv23
New Member

What if I only paid some interest on my student loan without making any loan payments? When I answer no to the question about making loan payments, I am closed out.

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

What if I only paid some interest on my student loan without making any loan payments? When I answer no to the question about making loan payments, I am closed out.

If you made interest only payments on student loans, then you should answer Yes to the question about making loan payments.  You will enter the amount of interest paid for the year on your student loans in that section.  In fact, only interest paid on student loans is deductible - principal payments are NOT deductible. 

View solution in original post

1 Reply

What if I only paid some interest on my student loan without making any loan payments? When I answer no to the question about making loan payments, I am closed out.

If you made interest only payments on student loans, then you should answer Yes to the question about making loan payments.  You will enter the amount of interest paid for the year on your student loans in that section.  In fact, only interest paid on student loans is deductible - principal payments are NOT deductible. 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies