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    desifob's Avatar
    desifob Posts: 1, Reputation: 1
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    #1

    Apr 2, 2006, 01:20 PM
    Tuition interest h1b
    Hi Atlanta Tax expert,

    I have been in the US on an F1b since 1998, I changed status from f1 to h1b in July 2005. Given that my 5 years as a nonresident on f1 ended in 2003, I am filing 1040.

    I have paid tuition, and also interest on student loans in 2005. The interest was paid to a bank in India. Can I claim this on 1040?

    Thank you.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Apr 2, 2006, 06:39 PM
    You can claim the Education Credit because you are a residnet alien.

    You CANNOT claim the student loan deduction because it must be paid to a U.S.-based banking institution.
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