Question 1 of 4
True or False? Delbert came to the U.S. last year for postgraduate study. He borrowed $1,500 from the college credit union for his last semester’s fees and books. Delbert has graduated, but remained in the U.S. for one year of practical training. He began repaying the loan and paid $45 in interest during the current tax year. Delbert can claim this interest as a deduction.