Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Taxes (https://www.askmehelpdesk.com/forumdisplay.php?f=320)
-   -   International Student Loan Interest Deduction (https://www.askmehelpdesk.com/showthread.php?t=783629)

  • Feb 5, 2014, 10:19 PM
    elrond
    International Student Loan Interest Deduction
    Hi,
    I have an active student loan from an Indian bank which I had taken for paying towards my Master's degree in the US. Can I take a student loan interest deduction for that loan towards my tax ?

    Thank you.
  • Feb 5, 2014, 11:28 PM
    AtlantaTaxExpert
    Yes, provided the loan was ONLY for the fees and tuition.

    If it was a mixed loan that also provided funds for living expenses, then you CANNOT deduct the interest.

  • All times are GMT -7. The time now is 12:44 PM.