LogFAQs > #949915439

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Topic	Dude on WSB paid off his entire student loan balance off with Gamestop stock
harley2280 01/25/21 6:29:59 PM #13:	onedarksoul posted... harley2280 posted... Next year they're going to get a nice lesson about US tax law. Also, you're allowed to deduct a certain portion of your payments toward student loans from your taxes. So this guy should be good to go. You can deduct interest paid on a student loan up to a certain amount. He won't have any interest if he's paying them all at once. He's going to have to pay higher taxes on those stock sales since he only held them short term. --- Posted with GameRaven 3.6.0_B3 <cite>harley2280 posted [p:949915439] in Dude on WS... [t:79259879]...</cite> <quote>onedarksoul posted...</cite> <quote> harley2280 posted... </cite> <quote> Next year they're going to get a nice lesson about US tax law. </quote>Also, you're allowed to deduct a certain portion of your payments toward student loans from your taxes. So this guy should be good to go.</quote> You can deduct interest paid on a student loan up to a certain amount. He won't have any interest if he's paying them all at once. He's going to have to pay higher taxes on those stock sales since he only held them short term. --- Posted with GameRaven 3.6.0_B3</quote> ... Copied to Clipboard!
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