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Level 2
June 3, 2019
Solved

How much student loan interest is allowed in California as a part year resident or how do you calculate the amount?

  • June 3, 2019
  • 1 reply
  • 6 views

I lived in California for 6 months and I how now lived 6 months in Ohio. Turbo tax wants me how much interest to allocate to California.

Best answer by Hal_Al
Allocate by time, since you probably make monthly payments. So, 50% of your student interest is allocated to each state.

1 reply

Hal_Al
Level 15
Hal_AlLevel 15Answer
Level 15
June 3, 2019
Allocate by time, since you probably make monthly payments. So, 50% of your student interest is allocated to each state.
smity-32Author
Level 2
June 3, 2019
Thanks for your help