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

    Feb 5, 2014, 10:19 PM
    International Student Loan Interest Deduction
    Hi,
    I have an active student loan from an Indian bank which I had taken for paying towards my Master's degree in the US. Can I take a student loan interest deduction for that loan towards my tax ?

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

    Feb 5, 2014, 11:28 PM
    Yes, provided the loan was ONLY for the fees and tuition.

    If it was a mixed loan that also provided funds for living expenses, then you CANNOT deduct the interest.
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