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April 12, 2024
Question

Can I deduct the student loan interest on the 1098-E form if my daughter (a dependent of mine) is the "borrower" and I am the cosigner? My name is not on the 1098-E.

  • April 12, 2024
  • 1 reply
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1 reply

KrisD15
April 12, 2024

Yes, if the student is your dependent,

 

Pub 970 page 34

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Hal_Al
Employee
April 12, 2024

You can claim the interest deduction, if you meet the three requirements:

  1. You paid the interest
  2. You are legally obligated to pay it (co-signing counts)
  3. The student was your dependent, at the time the loan was used to pay for qualified educational expenses