1098 e form. It is in my daughters name and she cannot claim it cuz she is a dependent. I tried to claim it but could not cuz it was not in my name. Please advise

Forum|Forum|5 years ago
July 7, 2020
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macuser_22

Employee

In that case nobody can claim it. Only the named student could claim it if not a dependent.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

DoninGA

Employee

The student loan interest cannot be entered on a dependent's tax return and if you do not have a legal obligation for the loan payment, the interest cannot be entered on your tax return.

Hal_Al

Employee

If you co-signed the loan (and are therefore legally obligated), you may deduct the interest, if you paid it, even though both the loan and the form 1098-E are in her name.

Otherwise, as others have said, nobody gets the deduction.