First of all, I wanna say how appreciative I am of this thread! When I first joined SW I thought Dollar Den was the boring economy area, but now that I've started reading up on taxes and payments and such for this year, I'm so grateful we have this! I've learned so much about where the economy is headed, how to manage my money etc, really valuable stuff!!
I was wondering if anyone could help me with a question I have about student loans. My loans are private loans from the bank, not related to the government or financial aid or anything (I'm not eligible for financial aid). If I were to take my nights earnings from dancing, say $200-$300, and go into the bank and put it directly towards my loans, would the IRS see it as income, and know it was from me? My parents have also paid some small amounts to my loan in the past and I don't know how the IRS would be able to tell who paid it back, as its a deposit. On the other hand, would they see all repayments as being income for me, whether I was the one paying into the loan or not? I'd hate for them to attribute all payments to me, when I wasn't the one making them all.![]()




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