Although my name is not on my son's 1098-E form for his student loan, I have been making interest payments toward his loan as cosigner. Am I able to deduct the payments?
Although my name is not on my son's 1098-E form for his student loan, I have been making interest payments toward his loan as cosigner. Am I able to deduct the payments?
Q. I have been making interest payments toward his loan as cosigner. Am I able to deduct the payments?
A. Yes, if he is your dependent or was your dependent at the time the loan money was used to pay for school. Yo can take deduction because you paid the interest and were legally obligated to pay (you co-signed)