"Ben" <baf...[at]yahoo.com> wrote:

- quote -

Certain expenses can carry forward, such as stock losses,
but student tuition or loan interest are not on the list. If
you get no benefit in the year you paid them, then you lose
them.

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

I am a student and do not have a taxable income for 2006. So
I have three questions:

1. I have paid over $2000 in student loans interest this
year, since I cannot deduct it this year, can I Carry
Forward for future tax years?

2. I have paid over $10,000 in tuition, under normal
circumstances only $4000 is deductible per year. Since I
cannot deduct any this year, can I Carry Forward for future
tax years?

3. If I can carry forward any of them, how should I do it
exactly, as TurboTax deluxe does not give any indication.

Thanks,
Ben

<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- >