While reading a State College alumni newsletter, Linh is surprised to learn that interest paid on student

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While reading a State College alumni newsletter, Linh is surprised to learn that interest paid on student loans is deductible. Linh graduated from college 2 years ago and paid $1,200 in interest during the current year on loans that he took out to pay his college tuition.

Identify the tax issue(s) posed by the facts presented. Determine the possible tax consequences of each issue that you identify.



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Concepts In Federal Taxation

ISBN: 9780324379556

19th Edition

Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher

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