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-   -   1040NR or 1040 if 1040 returns are more (https://www.askmehelpdesk.com/showthread.php?t=8980)

  • Apr 10, 2005, 03:16 PM
    houstonSay
    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 interest.

    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
  • Apr 11, 2005, 07:30 AM
    AtlantaTaxExpert
    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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