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New Member
posted Oct 30, 2019 2:25:07 AM

Interest paid on student loans

I have a form for interest paid on a student loan but I dont know where to put it, the lines are not listed

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1 Best answer
Level 11
Oct 30, 2019 2:25:08 AM

In TurboTax Online, enter your Student Loan Interest in the Student section of your return (Deductions>Students). 

There is an option on the Student Profile screen to check off that you have "Student loan interest paid in 2018 or not claimed in a previous year". Checking this option will lead you to the proper section of your return to enter your interest amounts.

7 Replies
Level 11
Oct 30, 2019 2:25:08 AM

In TurboTax Online, enter your Student Loan Interest in the Student section of your return (Deductions>Students). 

There is an option on the Student Profile screen to check off that you have "Student loan interest paid in 2018 or not claimed in a previous year". Checking this option will lead you to the proper section of your return to enter your interest amounts.

Level 1
Apr 22, 2024 10:46:36 PM

Hi Jennifer. In turboTax On line, when I go to the screen Unused federal tuition and education amounts, It gives me two options to enter the interest from previous years: 20% rate (line 40 of my 2022 Quebec Schedule T) or 8%, On which of both should I enter the amount paid on student loan? I'm completely lost. Thanks.

Intuit Alumni
Apr 23, 2024 7:14:27 AM

The information you are looking at is from the 2018 tax season and the returns change every year. In this case the tuition credit for Quebec is 8%. If you are using TurboTax Download you don't fill out part A 1. You fill out Part A 2. only for the 8% credit.

 

Thank you for choosing TurboTax.

Level 1
Apr 23, 2024 11:42:44 AM

Ginette, thanks for your help. It's normal not to receive federal amount paid on student loan carried from previous years while I'm receiving a Quebec amount?

Intuit Alumni
Apr 23, 2024 12:14:25 PM

No it is not normal, you should revise your return as there may be a data entry error. In order to help you with this situation, we believe your best option is to contact our telephone support team for further assistance, as they have the option to view your screen to help you. To contact them, please follow this link: Contact Us. When asked if you wish to receive an email say NO then say "speak to a representative" then hold the line.

​​​​​​​Thank you for choosing TurboTax.

Level 1
Apr 23, 2024 12:28:28 PM

Thanks. I will call. 

Intuit Alumni
Apr 23, 2024 12:30:08 PM

Thank you and make sure to ask for an escalation to investigate the issue if a resolution is not found.

 

Thank you for choosing TurboTax.