Ask Experts Questions for FREE Help !
Ask
    vmandora's Avatar
    vmandora Posts: 3, Reputation: 1
    New Member
    		  
    #1

    Apr 12, 2008, 09:30 PM
    Student Loan Interest deduction
    Hi,

    My name is Vinay Mandora. I came to US in September 2006 on F1 for studying MBA. I am working on OPT. I am going to file 1040NR-EZ for 2007. I want to know can interest on education loan taken from India be claimed as a deduction under student loan interest deduction?

    Waiting for early reply,

    Thank you,
    Vinay Mandora
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Apr 12, 2008, 10:00 PM
    The loan should only be to pay for tution and fees.

    Read more at Your U.S. Tax Return: Student Loan Interest Deduction
    vmandora's Avatar
    vmandora Posts: 3, Reputation: 1
    New Member
    		  
    #3

    Apr 13, 2008, 07:52 AM
    Thank you for your quick reply.


    Quote Originally Posted by MukatA
    The loan should only be to pay for tution and fees.

    Read more at Your U.S. Tax Return: Student Loan Interest Deduction
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #4

    Apr 16, 2008, 11:43 AM
    Make sure to file Form 8843 with your tax return.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Student Loan Interest Deduction [ 4 Answers ]

I have 2 student loans, but interest paid on both are under $600 for the year 2005, so I didn't get any 1098E forms. Do I need any evidence to show the interest I'm claiming for adjustment? Such as pay slips which shows the amount of interest paid? Thanks

International Student Loan Interest Deduction [ 4 Answers ]

I have been going through this forum and it has really helped me solve a lot of questions. Just one thing I could not find an answer to. If I have been repaying a student loan (in India) in 2007 with considerable interest payment over the year, can I claim that interest in 1040NR/1040NR-EZ as...

Student loan interest deduction in 1040NR [ 3 Answers ]

I was on F-1 from August 2004 to September 30th 2006. I was on H1B form October 1 2006 to December 31st 2006. While filing 1040NR, can I claim student loan interest deduction? CINTAX says I cannot since I was not a student on 31st December 2006. Please advice... I would like to mail in...

F1-H1B- Student Loan deduction in 1040NR [ 1 Answers ]

Hi, I was on F-1 Visa until September 30th 2006 and converted to H-1B on October 1st 2006. I am using CINTAX to file my reutns and it determined that my tax filing status is non-resident alien and it filled out form 1040NR for me. However, it did not prompt me to enter the student loan interest...

Student loan deduction [ 6 Answers ]

Hi For the year 2005 I was on F1 status. I wanted to deduct my student loan payments. I paid a total interest of $1425 in year 2005. I tried filling the worksheet provided with form 1040 nr ez instructions. According to their calcluations Ican only deduct $ 133 out of 1425 I paid as interest. ...

View more questions Search