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posted Apr 12, 2024 2:16:24 PM

Can I deduct the student loan interest on the 1098-E form if my daughter (a dependent of mine) is the "borrower" and I am the cosigner? My name is not on the 1098-E.

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2 Replies
Expert Alumni
Apr 12, 2024 2:23:02 PM

Yes, if the student is your dependent,

 

Pub 970 page 34

Level 15
Apr 12, 2024 3:37:35 PM

You can claim the interest deduction, if you meet the three requirements:

  1. You paid the interest
  2. You are legally obligated to pay it (co-signing counts)
  3. The student was your dependent, at the time the loan was used to pay for qualified educational expenses