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Lev, Tax Advisor
Category: Tax
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Experience:  Taxes, Immigration, Labor Relations
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We have a son in college on a student loan are we

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We have a son in college on a student loan are we required to file deduction on interst paid although we are not repaying the loan till 2011.Thanks
Submitted: 8 years ago.
Category: Tax
Expert:  Lev replied 8 years ago.

If you actually paid the student loan interest - you may deduct it.

The financial institution that holds your loan should issue you the form 1098e - - that provides you with exact amount of the student loan interest paid.

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