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New Member
posted Apr 10, 2024 3:10:37 PM

Do I say I supported myself if I lived off earned income + student loans? My parents co-signed, but I have not received aid from them and I will be paying the loans off

My loans have gone to housing, and personal income went to food, university costs, and transportation.

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2 Replies
Expert Alumni
Apr 10, 2024 4:46:18 PM

This might be a conversation to have with your parents. They may have provided other items in supporting you and plan to claim you. See IRS Worksheet for Determining Support.

Level 15
Apr 10, 2024 5:39:01 PM

Q. Do I say I supported myself if I lived off earned income + student loans, my parents co-signed?

A. No. For purposes of the tax dependent  support calculation, co-signed student loans are counted as support provided by the parents. Who is going to pay them off does not change that.