When i clicked on the box offering to suggest information on student loan help it said i dont have any student loans. Where do i correct this?

Forum|Forum|7 years ago
June 3, 2019
1 reply
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I need to input that I have a student loan but I'm not sure where I would do that? State or federal? and which section? Also, I have accrued a small amount of interest but no payments are due yet and I haven't made any payments so do I still add it to my taxes?

TurboTax Deluxe Online

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Since you have not paid any interest or made payments on that student loan, you do not need to report the proceeds.

You only need to report the interest paid (as a deduction) when you begin paying the loan back. Just make sure you enter all of your education costs, even if they were paid for by the loan. You get to deduct those since you have to pay the loan back.

Anonymous

Answer

Since you have not paid any interest or made payments on that student loan, you do not need to report the proceeds.

maryrose377Author

Level 2

So do I put in my student loan amounts I took out for 2016 in? Or do I wait until I start paying them back?
If I do put them in, where? Under education costs it asks for 1098-T but that doesn't include my student loans