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New Member
posted May 31, 2019 11:50:37 PM

If a loan is in my parents name but i pay the bill can i claim it on my taxes

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3 Replies
Alumni
May 31, 2019 11:50:38 PM

Please be more specific - loan for what?

New Member
May 31, 2019 11:50:40 PM

It's for college

Alumni
May 31, 2019 11:50:42 PM

To deduct student loan interest you must be legally obligated to pay interest on a qualified student loan either as signer or cosigner. 

https://www.irs.gov/taxtopics/tc456.html