DaveF1006
Employee Tax Expert

Get your taxes done using TurboTax

The reason NYC is asking the question is that student loan interest is an income adjustment. In the allocation screen, it is asking you if you wish to allocate this adjustment to NYC. You would only allocate the portion of the adjustment while to were a resident of NYC. To allocate it properly, you would take the total amount of the student loan interest and divide by 12 to get that one month's interest amount while living in NYC.

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