Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Nov 13, 2019 1:22:46 PM

My employer has a student reimbrsmnt prgrm. But if you leave, it then becomes a loan. The "loan" was taken out of my check. How do I claim this without a 1098E?

0 4 1064
4 Replies
Level 15
Nov 13, 2019 2:23:46 PM

Are you repaying that loan with interest?  With a “normal” student loan you would only be able to deduct interest paid. There is no deduction for paying the principal. 

Level 15
Nov 14, 2019 5:36:25 AM

Since you are now paying for the education you can use the education credit ... if this happened in a prior tax year you can amend that year to add the credit. 

Level 15
Nov 14, 2019 6:09:26 PM

You can not claim a deduction for any interest you pay on the loan.  This is a personal loan and not a student loan for tax purposes.

Level 15
Nov 21, 2019 8:10:59 PM

That just means if you paid "qualified" education expenses, you paid them out of pocket, is all. As for the "loan" you have nothing to claim since it was not a "qualified" student loan. What matters here is in what tax year you paid for any qualified education expenses. If in 2019, then no problem. While there is no tuition and fees deduction any more, your out of pocket "qualified" education expenses may qualify you for some education credits, such as the American Opportunity Credit maybe.