zazu
Initiate Member
Joined: Jul 22, 2011 11:20:28 GMT -5
Posts: 53
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Post by zazu on Feb 9, 2012 15:04:24 GMT -5
Hello all,
Last year i recieved a 1098 for a student loan interest. I had already filed my taxes by then. The interest was for $24.
My question is can i use that interest on this years returns?
Thanks
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frep
Established Member
Joined: Dec 24, 2010 6:44:34 GMT -5
Posts: 386
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Post by frep on Feb 9, 2012 15:10:56 GMT -5
No, you should get a 1098 again this year for student loan interest you paid for 2011.
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mwcpa
Senior Member
Joined: Jan 7, 2011 6:35:43 GMT -5
Posts: 2,425
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Post by mwcpa on Feb 9, 2012 16:00:09 GMT -5
frep is correct.... 2010's student loan interest was deductible for 2010 only....
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frep
Established Member
Joined: Dec 24, 2010 6:44:34 GMT -5
Posts: 386
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Post by frep on Feb 9, 2012 16:06:41 GMT -5
You obviously could file an amended return for 2010 using the $24 interest but I doubt it would be worth the time for the $4 you might get back from it. To be honest I'm more impressed by the fact that your interest was only $24  |
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