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Returning Member
posted Jun 7, 2019 5:11:28 PM

Can I claim past student loan interest when my loan was in deferment or forbearance? I owe $18,000 for the loan, but $5,000 is in interest, can I claim the $2500?

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3 Replies
Level 15
Jun 7, 2019 5:11:28 PM

You can only take a deduction for interest you actually paid in 2018.  

Returning Member
Jun 7, 2019 5:11:28 PM

Will I ever be able to claim the $5,000.00

Level 15
Jun 7, 2019 5:11:30 PM

When you start making payments, you will get a statement from the lender of how much of each payment is interest.  You may get a monthly statement and you will get a year-end statement called a1099-E required by law.  That’s when you can start deducting interest, when you actually pay interest.