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Still paying Parent Plus loan for daughter who graduated & no longer a dependent although was when I got the loan. Can I still deduct the loan interest?

IRS/TurboTax wording seems to require that daughter is still dependent

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Still paying Parent Plus loan for daughter who graduated & no longer a dependent although was when I got the loan. Can I still deduct the loan interest?

If you are liable for the loan and she was your dependent at the time it was taken out, you can continue to deduct the interest.

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4 Replies

Still paying Parent Plus loan for daughter who graduated & no longer a dependent although was when I got the loan. Can I still deduct the loan interest?

If you are liable for the loan and she was your dependent at the time it was taken out, you can continue to deduct the interest.

Clabert270
Returning Member

Still paying Parent Plus loan for daughter who graduated & no longer a dependent although was when I got the loan. Can I still deduct the loan interest?

How do I enter it on my taxes when she is no longer my dependent?

JamesG1
Expert Alumni

Still paying Parent Plus loan for daughter who graduated & no longer a dependent although was when I got the loan. Can I still deduct the loan interest?

Try these directions.

  • Down the left side of the screen, click Federal.
  • Click on Deductions & credits.
  • Under Your income and expenses, click Edit to the right of Student loan interest paid.
  • Under Let’s get your student loan info, under Whose name was the student loan in?, click You.

See this help.

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Clabert270
Returning Member

Still paying Parent Plus loan for daughter who graduated & no longer a dependent although was when I got the loan. Can I still deduct the loan interest?

Hi,  Thank you for your answer.  I think since I became a widow, file single. and make too much money I do not qualify.  At least that is what a gather.

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