I am not the co signer on the loan
You'll need to sign in or create an account to connect with an expert.
If you are eligible to claim your daughter as your dependent, she cannot claim qualified student loan interest. See below:
You can deduct student loan interest if:
You paid interest on a qualified student loan in tax year 2015
You are legally obligated to pay interest (ie. you are a co-signer) on a qualified student loan
Your are not filing Married Filing Separate
Your Modified Adjusted Gross Income is less than a specified amount which is set annually, and
You or your spouse, if filing jointly, cannot be claimed as dependents on someone else's return.
If you are eligible to claim your daughter as your dependent, she cannot claim qualified student loan interest. See below:
You can deduct student loan interest if:
You paid interest on a qualified student loan in tax year 2015
You are legally obligated to pay interest (ie. you are a co-signer) on a qualified student loan
Your are not filing Married Filing Separate
Your Modified Adjusted Gross Income is less than a specified amount which is set annually, and
You or your spouse, if filing jointly, cannot be claimed as dependents on someone else's return.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
rogers_fred-comc
New Member
TAM2024
New Member
avjunior
Level 3
hcestaro
New Member
lighter
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.