Ask Experts Questions for FREE Help !
Ask
    gunsaulus's Avatar
    gunsaulus Posts: 7, Reputation: 1
    New Member
    		  
    #1

    Apr 3, 2007, 04:33 PM
    Student loan interest deduction in 1040NR
    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 my return as soon as I get the answer to this... appreciate your help!
    gunsaulus's Avatar
    gunsaulus Posts: 7, Reputation: 1
    New Member
    		  
    #2

    Apr 3, 2007, 06:59 PM
    Anyone has any idea about this? Please let me know...
    gunsaulus's Avatar
    gunsaulus Posts: 7, Reputation: 1
    New Member
    		  
    #3

    Apr 4, 2007, 10:23 AM
    ATE I understand you are really busy, but could you please answer this?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

    Apr 13, 2007, 12:30 PM
    CINTAX is wrong. You CAN claim student loan interest as a non-resident alien if your income is below a certain level ($65K for a single person).
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

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 Interest [ 1 Answers ]

I paid student loan interest in 2005 and 2006. Can I claim both years interest on this years tax return?

8.5% Interest Rate on a Student Loan [ 2 Answers ]

I have approx. 10 K in student loans at 8.5% interest and 20K at 2.7%. Does it make sense to consolidate these loans or is it better to try and pay down the 10K loan at 8.5%? Will I be able to get a better interest rate than 8.5%. This is a private loan.

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