diff --git a/llms/mlx_lm/lora.py b/llms/mlx_lm/lora.py
index a31e973f..b89d8f0e 100644
--- a/llms/mlx_lm/lora.py
+++ b/llms/mlx_lm/lora.py
@@ -7,6 +7,7 @@ import re
 import types
 from pathlib import Path
 
+import mlx.nn as nn
 import mlx.optimizers as optim
 import numpy as np
 import yaml
@@ -143,7 +144,15 @@ def build_parser():
 
 
 def print_trainable_parameters(model):
-    total_p = sum(v.size for _, v in tree_flatten(model.parameters())) / 10**6
+    def nparams(m):
+        if isinstance(m, nn.QuantizedLinear):
+            return m.weight.size * (32 // m.bits)
+        return sum(v.size for _, v in tree_flatten(m.parameters()))
+
+    leaf_modules = tree_flatten(
+        model.leaf_modules(), is_leaf=lambda m: isinstance(m, nn.Module)
+    )
+    total_p = sum(nparams(m) for _, m in leaf_modules) / 10**6
     trainable_p = (
         sum(v.size for _, v in tree_flatten(model.trainable_parameters())) / 10**6
     )
diff --git a/llms/tests/test_lora.py b/llms/tests/test_lora.py
index ef3ea78e..f7666a42 100644
--- a/llms/tests/test_lora.py
+++ b/llms/tests/test_lora.py
@@ -1,13 +1,23 @@
 # Copyright © 2024 Apple Inc.
 
+import sys
 import unittest
+from io import StringIO
+from unittest.mock import MagicMock
 
-import mlx.core as mx
+import mlx.nn as nn
 from mlx.utils import tree_flatten
-from mlx_lm import tuner, utils
+from mlx_lm import lora, tuner
+from mlx_lm.tuner.lora import LoRALinear
 
 
 class TestLora(unittest.TestCase):
+    def setUp(self):
+        self.capturedOutput = StringIO()
+        sys.stdout = self.capturedOutput
+
+    def tearDown(self):
+        sys.stdout = sys.__stdout__
 
     def test_to_lora(self):
         from mlx_lm.models import llama
@@ -47,6 +57,68 @@ class TestLora(unittest.TestCase):
         params["keys"] = ["self_attn.k_proj"]
         check_config(params)
 
+    def test_quantized_print_trainable_parameters(self):
+        model = MagicMock()
+        quantized_linear = MagicMock(spec=nn.QuantizedLinear)
+        quantized_linear.weight = MagicMock(size=1e6)
+        quantized_linear.bits = 8
+        lora_linear = MagicMock(spec=LoRALinear)
+        lora_linear.weight = MagicMock(size=2e6)
+        lora_linear.parameters.return_value = [lora_linear.weight]
+
+        linear = MagicMock(spec=nn.Linear)
+        linear.weight = MagicMock(size=3e6)
+        linear.parameters.return_value = [linear.weight]
+
+        model.leaf_modules.return_value = {
+            "quantized_linear": quantized_linear,
+            "lora_linear": lora_linear,
+            "linear": linear,
+        }
+
+        model.trainable_parameters.return_value = {
+            "layer1.weight": MagicMock(size=1e6),
+            "layer3.weight": MagicMock(size=2e6),
+        }
+        expected_output_8bits = "Trainable parameters: 33.333% (3.000M/9.000M)\n"
+        lora.print_trainable_parameters(model)
+        self.assertEqual(self.capturedOutput.getvalue(), expected_output_8bits)
+        self.capturedOutput.truncate(0)
+        self.capturedOutput.seek(0)
+
+        quantized_linear.weight = MagicMock(size=1e6)
+        quantized_linear.bits = 4
+        expected_output_4bits = "Trainable parameters: 23.077% (3.000M/13.000M)\n"
+        lora.print_trainable_parameters(model)
+        self.assertEqual(self.capturedOutput.getvalue(), expected_output_4bits)
+        self.capturedOutput.truncate(0)
+        self.capturedOutput.seek(0)
+
+    def test_print_trainable_parameters(self):
+        model = MagicMock()
+        linear1 = MagicMock(spec=nn.Linear)
+        linear1.weight = MagicMock(size=1e6)
+        linear1.parameters.return_value = [linear1.weight]
+        linear2 = MagicMock(spec=nn.Linear)
+        linear2.weight = MagicMock(size=2e6)
+        linear2.parameters.return_value = [linear2.weight]
+        lora_linear = MagicMock(spec=LoRALinear)
+        lora_linear.weight = MagicMock(size=3e6)
+        lora_linear.parameters.return_value = [lora_linear.weight]
+        model.leaf_modules.return_value = {
+            "linear1": linear1,
+            "linear2": linear2,
+            "lora_linear": lora_linear,
+        }
+
+        model.trainable_parameters.return_value = {
+            "layer1.weight": MagicMock(size=1e6),
+            "layer3.weight": MagicMock(size=2e6),
+        }
+        expected_output = "Trainable parameters: 50.000% (3.000M/6.000M)\n"
+        lora.print_trainable_parameters(model)
+        self.assertEqual(self.capturedOutput.getvalue(), expected_output)
+
 
 if __name__ == "__main__":
     unittest.main()