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posted Jun 6, 2019 4:01:57 AM

Can I carryover student loan interest

I refinanced my student loan last year so they sent me a 1098E for $70K. Can I carryover that amount to my 2017 return?

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Expert Alumni
Jun 6, 2019 4:01:59 AM

No, you cannot carry over student loan interest to future years.  You must deduct interest paid in 2016 on your 216 tax return.  The maximum amount is $2500; any unused amount is lost, unfortunately.