[12tang]

Not CPA related. I made a few payments and my grace period just ended. I see that Navient took all my interest and capitalized it. Now that my interest is reset and the old interest is now principal, can I still claim that old interest that is now capitalized for my student loan interest deduction?

Using Becker self-study
FAR: (82) 175 hours - 1st attempt
BEC: (XX)
AUD: (69) 45hrs of study - 1st attempt
REG: (XX)

[12tang]

Never mind, I just found my answer on the IRS website. Capitalized interest is still a deduction for tax purposes when paid 🙂

Using Becker self-study
FAR: (82) 175 hours - 1st attempt
BEC: (XX)
AUD: (69) 45hrs of study - 1st attempt
REG: (XX)

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