If I received a loan to help pay for my tuition, how do I report that on my taxes?
I paid the tuition with the loan that I got from the school. I did not receive any forms from my college. Can I still use my tuition as a deduction even though my loan paid for it?
You don’t report a loan on your taxes. It isn’t income – you have to pay it back. And yes you can still use your tuition as a deduction or toward an education credit if it was paid with a loan, but not if paid with a scholarship or grant.
