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fc1pierce
New Member

How do I claim Student Loan interest as a cosigner when my kid is a deadbeat and I am pating the loans?

 
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3 Replies

How do I claim Student Loan interest as a cosigner when my kid is a deadbeat and I am pating the loans?

Search for 1098-E and select the Jump to link at the top of the search results. Answer Yes to the question Did you get a 1098-E for student loan interest? If you land on the Here's your 1098-E info (or Here's what you paid in student loan interest) screen, you can either edit an existing payment or add a new one.

MarilynG1
Expert Alumni

How do I claim Student Loan interest as a cosigner when my kid is a deadbeat and I am pating the loans?

If both your names are on the Student Loan, you can claim interest you paid.  As a co-signer, you are legally obligated to pay the loan, so you are allowed to claim the interest.

 

Here's more info on Student Loan Interest Paid by Parent. 

 

 

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Hal_Al
Level 15

How do I claim Student Loan interest as a cosigner when my kid is a deadbeat and I am pating the loans?

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
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