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Level 2
posted Jun 3, 2019 1:26:12 PM

How much student loan interest is allowed in California as a part year resident or how do you calculate the amount?

I lived in California for 6 months and I how now lived 6 months in Ohio. Turbo tax wants me how much interest to allocate to California.

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1 Best answer
Level 15
Jun 3, 2019 1:26:15 PM

Allocate by time, since you probably make monthly payments. So, 50% of your student interest is allocated to each state.

2 Replies
Level 15
Jun 3, 2019 1:26:15 PM

Allocate by time, since you probably make monthly payments. So, 50% of your student interest is allocated to each state.

Level 2
Jun 3, 2019 1:26:16 PM

Thanks for your help