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jodic100
New Member

My student loans were consolidated in 2014, but have been in forbearance all of 2016. Interest has accrued but i have not paid anything, do i need to document anything?

 
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Phillip1
New Member

My student loans were consolidated in 2014, but have been in forbearance all of 2016. Interest has accrued but i have not paid anything, do i need to document anything?

No. Student loan interest is only deductible if it has been paid. Since your loans were in forbearance for all of 2016, you did not make payments. Therefore, the interest accrued in 2016 cannot be deducted, and, since there is no deduction, nothing needs to be documented for 2016 student loan interest tax purposes.

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Phillip1
New Member

My student loans were consolidated in 2014, but have been in forbearance all of 2016. Interest has accrued but i have not paid anything, do i need to document anything?

No. Student loan interest is only deductible if it has been paid. Since your loans were in forbearance for all of 2016, you did not make payments. Therefore, the interest accrued in 2016 cannot be deducted, and, since there is no deduction, nothing needs to be documented for 2016 student loan interest tax purposes.

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