Skip to main content
Level 1
February 13, 2020
Solved

1098-E

Hi,

 

Quick question.  I am the co-signer on my sons student loan.  The 1098-E has come to his name only, even though on-line I see my name as the co-signer.  My question is Can I claim this under my taxes if he does not.  Thanks

    DavidD66Answer
    Alumni - Intuit
    February 13, 2020

    Yes, if you are legally obligated to repay the loan (which you are) you may deduct the interest on the loan.

    **Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

    2 replies

    Level 15
    February 13, 2020

    Generally, you can claim the deduction if all of the following  requirements are met.
    • Your filing status is any filing status except married filing separately.
    • No one else is claiming you as a dependent on his or her tax return.
    • You are legally obligated to pay interest on a qualified student loan.
    • You paid interest on a qualified student loan.

     

    From what you posted, not only can you claim the interest deduction but if he is your dependent he cannot. 

    DavidD66Answer
    Alumni - Intuit
    February 13, 2020

    Yes, if you are legally obligated to repay the loan (which you are) you may deduct the interest on the loan.

    **Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"