Can I file a student loan interest deduction if I was not a student during the tax year?

I took out tyro loans in 2002 for which we am still paying. we paid $682 in seductiveness in taxation year 2009. we review which we have to be a tyro for a deduction. we was not a tyro during taxation year 2009 but we was patently a tyro when we took a loans out. Do we validate for this deduction?

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Comments

  1. On August 11, 2010 hemrab1 says:

    Student loan interest is deductible as an adjustment to yucky income. One doesn’t have to be a student in the current year to deduct student loan interest. The deduction amount may be limited.

  2. On August 11, 2010 TeamTurboTax says:

    You do not need to be a student to qualify for the student loan interest deduction up to $2500, although it phases out at higher income levels.

  3. On August 11, 2010 moe520_71104 says:

    Of course not. That would be FRAUD dude!

  4. On August 11, 2010 artillerygirl01 says:

    Yes, you may deduct the interest you paid. Obviously, most of us don’t pay off our loans while still in college, so IRS regulations allow us to use the interest as a deduction after we have graduated.

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  8. On August 11, 2010 Janice says:

    Really, you don’t have to be a student in order to qualify for the student loan interest deduction.

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