topic If i am in repayment and did not take out any new student loans last year, should I put the total amount of loans I took out total to pay for college? in Education

If i am in repayment and did not take out any new student loans last year, should I put the total amount of loans I took out total to pay for college?

abby1 — Sat, 01 Jun 2019 17:45:34 GMT

This is in response to the question:

Entire the total amount of qualified student loans used to pay for *** post secondary education - enter the original amount, not the remainder balances.

Where do you see this question?

Vanessa — Sat, 01 Jun 2019 17:45:36 GMT

Where do you see this question?

On my state returns section regarding my student loans....

abby1 — Sat, 01 Jun 2019 17:45:37 GMT

On my state returns section regarding my student loans.

Edit : enter not entire *** in the original question

Form M1SLC Line 11

abby1 — Sat, 01 Jun 2019 17:45:38 GMT

Form M1SLC Line 11

That question wants you to enter the total amount of loan...

KrisD — Sat, 01 Jun 2019 17:45:40 GMT

That question wants you to enter the total amount of loans you took out to pay for college. The amount you still owe or repaid is not relevant.

The amount of student debt that this credit is based on is limited to 5,000, so your state credit will be based on the lesser of 5,000 or the total amount of student loans you took out.

https://www.revenue.state.mn.us/individuals/individ_income/Pages/StudentLoanCredit.aspx