In 2024, I cashed out my ROTH IRA to pay off a Parent-Student school loan for 20K. The loan was in my name, but my daughter is the one who got the education. Turbo Tax is asking what I did what the money. Can I claim the deduction for the education expenses? My daughter is 38 years old now and files her own taxes.
Payments to satisfy a student loan are not education expenses that qualify for any deduction or penalty exception.
https://www.irs.gov/credits-deductions/individuals/qualified-ed-expenses
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