http://www.losthorizons.com/phpBB/viewtopic.php?t=2461Firstly, hello to all. I am a graduating college senior from Indiana who has recently purchased and read CtC.
I am in the process of filling out my 4852 and 1040, as well as my Indiana State return.
One question that I have been unable to answer as yet, is whether my federally subsidized student loans are in any way taxable. My gut says no, since they do not represent any gain or profit, but I want to be sure.
Any help is much appreciated, and I look forward to posting a victory in the very near future.
So, not only is this knucklehead too stupid upon graduation to know that a loan is not taxable, he's also so full of himself that even though he didn't mind taking a "federally subsidized student loan" he has some problem with paying taxes....anyone wanna bet how long before this guy defaults on the loan?
(my own guess is about the time the IRS takes any assets he manages to aquire, levies his wages etc... or maybe he'll make it until he goes to prison....)