Filing for Taxes

[osteodoct]

Hi,
If your only "income" is via student loans, do you even need to file a form? I obviously missed the deadline, but I'm hoping that this is the case! Thanks!

 

[Sol Rosenberg]

Loans are not income (you have to pay them back.)

So, no, from your description of your situation, it does not look like you are required to file.

 

[Stroganoff]

Loans are not income (you have to pay them back.)

So, no, from your description of your situation, it does not look like you are required to file.

slightly off but mostly on topic, wouldn't it be really disgusting if the IRS counted our loans as income and taxed us on our borrowed money? Gross. My bunghole can only take so much prolapse.

Edit: Sorry, I was buzzed when I wrote that...

 

[osteodoct]

Loans are not income (you have to pay them back.)

So, no, from your description of your situation, it does not look like you are required to file.

Oh, really? I had no idea I had to pay back the 200K, good to know thanks

 

[TMP-SMX]

If you are a dependent over 17 or could be claimed as a dependent you don't get a rebate.