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psdunton
New Member

I am the cosigner on student loans for my daughter and have made 100% of the payments in 2020, Can I deduct the interest? She is not a dependent

can cosigner on student loan deduct the interest paid
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AnnetteB6
Employee Tax Expert

I am the cosigner on student loans for my daughter and have made 100% of the payments in 2020, Can I deduct the interest? She is not a dependent

Yes, you can deduct the student loan interest on your return as long as you are legally obligated to make the payments and the loan was originated at a time when your daughter was your dependent.  

 

For more details, see the following IRS Tax Topic:  Topic No. 456 Student Loan Interest Deduction

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