I cosigned for a college loan over 10 years ago. I am paying it back. Can I deduct the payments made from my checking account for another student loan, that I cosigned

[DoninGA]

Student loan payments are not deductible on a tax return.

However, student loan interest paid is deductible on a federal tax return up to a maximum of $2,500.

To enter student loan interest paid -

Click on Federal Taxes (Personal using Home and Business)
Click on Deductions and Credits
Click on I'll choose what I work on (if shown)
Scroll down to Education
On Student Loan Interest Paid (Form 1098-E), click the start or update button

[Hal_Al · Accepted solution]

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 (the TT pop up says “when you took out the loan”)

If all that is true, you can claim the deduction even though 1098-E is in the student's name.