1040NR or 1040 if 1040 returns are more

Question

Apr 10, 2005, 03:16 PM

houstonSay

New Member

Join Date: Apr 2005

Posts: 4

1040NR or 1040 if 1040 returns are more

Thanks AtlantaTaxExpert you are AWESOME

Thanks for all who help us.

I am qualified for 1040NR and i filled out both forms 1040NR-EZ and 1040 to check.

1) Can i claim qualified education expenses? because i pay the loan of 5400 and also paid around 250$ of intrest.

If i add 5400 as qualified education expenses in 1040, i am getting 800$ more. Is it okay to add "qualified education expensis" because Turbo tax allowed it to add.

Thanks in advance for your kind help

Regards
JOJI

Answers

Apr 11, 2005, 07:30 AM	#2

AtlantaTaxExpert Senior Tax Expert Join Date: Feb 2005 Location: Atlanta, Georgia Posts: 13,322	Joji: If you file as a nonresident alien, you can deduct the $250 in interest paid on your student loans. However, you cannot claim any education credit or deduction for the tuition you paid. If you file as a resident alien, you can deduct the $250 in interest paid on your student loans, and claim the education credit or deduction for the tuition you paid.

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