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Ryan and Sharon are married and file a joint return. They have MAGI below the threshold limit. Ryan took a loan to pay for his
Ryan and Sharon are married and file a joint return. They have MAGI below the threshold limit. Ryan took a loan to pay for his father to earn his degree at night school. Ryan can not claim his father as a dependent. During the tax year, Ryan and Sharon paid $2,000 interest on the loan. Can Ryan take the student loan interest as an above line deduction? No Yes
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