Do I say I supported myself if I lived off earned income + student loans? My parents co-signed, but I have not received aid from them and I will be paying the loans off

Forum|Forum|1 year ago
April 10, 2024
2 replies
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My loans have gone to housing, and personal income went to food, university costs, and transportation.

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AmyC

Employee

This might be a conversation to have with your parents. They may have provided other items in supporting you and plan to claim you. See IRS Worksheet for Determining Support.

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Hal_Al

Employee

Q. Do I say I supported myself if I lived off earned income + student loans, my parents co-signed?

A. No. For purposes of the tax dependent support calculation, co-signed student loans are counted as support provided by the parents. Who is going to pay them off does not change that.