You are here:

Tax Law (Questions About Taxes)/Foreign Student Loan Interest

Advertisement


Question
Dear John,

I am writing to you as a follow up to a question you responded to some years ago and am curious if current tax laws are still in effect. I am a Canadian working as a Professor in the US on an H1B visa (my perm has been filed.) I owe student loans in Canada that were used to attend a qualified FL state university for my graduate studies. I do not intend to file taxes in Canada for 2012; I had no income there. My student loan interest for 2012 is over $4000. Am I able to claim this interest on my 2012 US taxes? I have a statement of account from the Quebec government showing my 2012 interest.

Answer
Elliot:

Let me research this question and I will answer it by tomorrow 1/31/2013.

John

1/31/2013

Elliot:

I have researched the question "what is a qualified student loan".  I find no mention of a Canadian (Quebec) Government Loan meeting the "qualified student loan" purpose.  Several US Government Student Loans do meet the test but I find no mention of any foreign government loans meeting the test.

John

Tax Law (Questions About Taxes)

All Answers


Answers by Expert:


Ask Experts

Volunteer


John L. Tidwell

Expertise

Unemployment tax law both state and federal; determination of employer employee relationship; the usual 20 commonlaw factors for making that determination; and what makes me a liable employer.

Experience

Over 20 years of field audit experience with a state agency

Organizations
none

Publications
none

Education/Credentials
Degree in Accounting from Falls Business College

©2016 About.com. All rights reserved.