1098 e form. It is in my daughters name and she cannot claim it cuz she is a dependent. I tried to claim it but could not cuz it was not in my name. Please advise
03469
3 Replies
macuser_22
Level 15
Jul 7, 2020 8:45:27 AM
In that case nobody can claim it. Only the named student could claim it if not a dependent.
DoninGA
Level 15
Jul 7, 2020 8:46:33 AM
The student loan interest cannot be entered on a dependent's tax return and if you do not have a legal obligation for the loan payment, the interest cannot be entered on your tax return.
Hal_Al
Level 15
Jul 7, 2020 8:57:03 AM
If you co-signed the loan (and are therefore legally obligated), you may deduct the interest, if you paid it, even though both the loan and the form 1098-E are in her name.
Otherwise, as others have said, nobody gets the deduction.