Do I have to file taxes if I am a grad student and my only source of income are student loans?

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Do I have to file taxes if I am a grad student and my only source of income are student loans?

2007-02-25 07:44:35 · 3 answers · asked by Anne N 1 in Business & Finance ➔ Taxes ➔ Other - Taxes

3 answers

If your a grad student, don't you do something for which you are paid....aren't you a teaching assistant or a research assistant? Don't you get some stipend for that work?

2007-02-25 07:54:56 · answer #1 · answered by cato___ 7 · 0⤊ 3⤋

Loans are not taxable income.
I would suggest that you file any way. You need to document and memorialize the fact that in 2006 you did not earn income.

2007-02-25 19:19:04 · answer #2 · answered by Just Mee 2 · 0⤊ 0⤋

No, loans aren't income.

2007-02-25 15:50:26 · answer #3 · answered by Bostonian In MO 7 · 1⤊ 0⤋