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Hi, I came to the US in 2011 to pursue my Masters. I had taken a student loan in India at that time for paying the tuition fee. I am currently paying interest on that loan. Is this loan taken to pay tuition fee at a US educational institution eligible for the student loan interest deduction ?
The IRS website is not very clear about the source of the loan. It just says if loan is taken towards paying for education, then the interest paid can be deducted for upto $2500.
If yes, I do not get a 1098-E or anything of that sort. what would I need to do ?
Any help in this matter is appreciated. Thank you for your time.
The IRS website is not very clear about the source of the loan. It just says if loan is taken towards paying for education, then the interest paid can be deducted for upto $2500.
If yes, I do not get a 1098-E or anything of that sort. what would I need to do ?
Any help in this matter is appreciated. Thank you for your time.
