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Level 1
June 5, 2019
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I am a student living off of student loans. When filling out income under deductions, is my total income my student loan amt or 0?

  • June 5, 2019
  • 1 reply
  • 16 views
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Best answer by macuser_22
A loan is not income since it must be paid back.  It does not go on your tax return.

1 reply

macuser_22
Alumni - Champ
Alumni - Champ
June 5, 2019
A loan is not income since it must be paid back.  It does not go on your tax return.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**