Question
California 540 Whitney graduated from college last year and is now paying on her student loan. She works full-time as a nurses assistant. She paid
California 540
Whitney graduated from college last year and is now paying on her student loan. She works full-time as a nurses assistant. She paid $2,700 in student loan interest during the tax year. She took the full allowable student loan interest deduction on her federal return. How should she report this expense on her California Schedule CA (540), line 20? a) Enter $2,700 in column A, no entry in column C. b) Enter $2,500 in column A, and $2,500 in column C. c) Enter $2,500 in column A, no entry in column C. d) Enter $2,700 in column A, and $2,700 in column C.
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