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russom6
New Member

Student loan interest ny state deduction

I lived in NY state part of the year, and I am being asked to enter any federal deductions attributable to the period of my NY state residency.  If I paid $2000 in student loan interest and lived in NY half the year, should I enter $1000?
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Student loan interest ny state deduction

Yes - assuming that you made relatively equal payments every month.  For example, if you actually just made one big payment on student loans and that was while you were living in a state other than NY, then you would actually not source any deductions for student loan to New York.  

If your payments are relatively the same, then you can just divide by time lived in hafl and enter $1,000.  But, if the payments were wildly different between the part years, then you should look at your statements to determine how much interest was paid while a resident of each state.

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Student loan interest ny state deduction

Yes - assuming that you made relatively equal payments every month.  For example, if you actually just made one big payment on student loans and that was while you were living in a state other than NY, then you would actually not source any deductions for student loan to New York.  

If your payments are relatively the same, then you can just divide by time lived in hafl and enter $1,000.  But, if the payments were wildly different between the part years, then you should look at your statements to determine how much interest was paid while a resident of each state.

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