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.

jtbearor
New Member

I refinanced a student loan this year. Can I deduct the interest payments made to my pre-refinanced loan by the new servicer, or can I only deduct interest I payed??

 
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
MinhT
Expert Alumni

I refinanced a student loan this year. Can I deduct the interest payments made to my pre-refinanced loan by the new servicer, or can I only deduct interest I payed??

You can only deduct the interest you actually paid.

The interest paid by the new servicer were added to the loan principal from the new servicer and not paid by you.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
MinhT
Expert Alumni

I refinanced a student loan this year. Can I deduct the interest payments made to my pre-refinanced loan by the new servicer, or can I only deduct interest I payed??

You can only deduct the interest you actually paid.

The interest paid by the new servicer were added to the loan principal from the new servicer and not paid by you.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question