Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 4, 2019 5:58:18 PM

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

0 4 1342
1 Best answer
Level 7
Jun 4, 2019 5:58:20 PM

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.

4 Replies
Level 7
Jun 4, 2019 5:58:20 PM

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.

Returning Member
Feb 9, 2020 7:25:52 PM

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

Expert Alumni
Feb 10, 2020 10:20:34 AM

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.

Returning Member
Feb 10, 2020 3:42:34 PM

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.