Question

1098-E

Forum|Forum|6 years ago
February 9, 2020
1 reply
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If I cosigned for a student loan while my child was my dependent and paid the loan off after he was no longer a dependent but still a full time student in grad school and not working. Can I claim the 1098-E interest. My child didn't have any earned income so it won't do him any good to claim the interest paid.

Deduction

L

linaj20201

Did you pay the interest in 2019? As long as you pay, you can claim.

You can claim if you have met two of the following requirements in:

You paid interest on a qualified student loan in the tax year 2019;
You're legally obligated to pay interest on a qualified student loan;
Your filing status isn't married filing separately;
Your MAGI is less than a specified amount which is set annually; and
You or your spouse, if filing jointly, can't be claimed as dependents on someone else's return.

For more information, click here:https://www.irs.gov/taxtopics/tc456