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Level 1
June 6, 2019
Solved

Student loan interest deduction part-year allocation

  • June 6, 2019
  • 1 reply
  • 28 views
I used the Student Loan Interest Deduction on my Federal Income taxes and now I am filling out my state taxes.  I moved from one state to another.  Under the Part-Year Allocation section it is asking me how much of the Student Loan Interest Deduction I paid while living in the first state.  How do I calculate this?
Best answer by MargaretL

You can estimate the amount based on the time spent in each state.  If for example you spend 4 months in state A and 8 months in state B, you would allocate 1/3 to state A and the rest to state B. 

1 reply

MargaretL
MargaretLAnswer
Level 12
June 6, 2019

You can estimate the amount based on the time spent in each state.  If for example you spend 4 months in state A and 8 months in state B, you would allocate 1/3 to state A and the rest to state B.