Skip to main content
March 19, 2023
Solved

My student loan is in my name, but my parents make payments on it. Can they claim the amount reported on the 1098-E, or do I need to claim it?

  • March 19, 2023
  • 1 reply
  • 0 views
No text available
Best answer by xmasbaby0

If your parents co-signed when you were a dependent and they are the ones making the payments then your parents are the ones who can get the deduction for the interest now being paid on the student loan.

1 reply

Employee
March 19, 2023

Did your parents co-sign for the loan, and were you their dependent at the time you took out the loan?

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
lim3headAuthor
March 19, 2023

I believe both - co-signed when I was a dependent.

lim3headAuthor
March 19, 2023

Also important to add I'm no longer their dependent.