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