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Get your taxes done using TurboTax
Hi @Dailey
Glad to hear that you were approved for the Borrower Defense To Repayment for your student loans. Federal loans that are discharged based on the Closed School or Defense to Repayment discharge process loan forgiveness under Borrower Defense to Repayment is not treated as taxable under federal law.
And because you live in Tennessee, you do not prepare a state income tax return.
If you receive any additional information from the lenders or tax notices TurboTax will help walk you through these questions. Remember we also offer Live Help and our Full Service tax assistance as well that you can use as you prepare your tax return for 2023.
Thank you!
Melanie
‎October 25, 2023
12:26 PM