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anahitaab
New Member

I have a parent's student loan on my mom's name. but, I'm the one making payments on the loan. Can I get deduction?

 
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1 Reply
ToddL
New Member

I have a parent's student loan on my mom's name. but, I'm the one making payments on the loan. Can I get deduction?

Unfortunately, you can't claim a deduction for student loan interest unless the loan is in your name or you are a cosigner.

You can claim the deduction only if you were legally obligated to pay interest on a qualified student loan. ”Legally obligated” to pay interest on a qualified student loan means  you either signed for the loan yourself, as the student; or you cosigned for the loan as a parent or other cosigner. 

See "Can I claim my student loan?" for full details:

https://ttlc.intuit.com/replies/3302319

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