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csavicki
New Member

My daughter 26 not dependent. Her student loans cosigned by my wife. We make the payment and file jointly. Can I duct the interest. 1098s in daughters name. How to enter?

How would I enter 1098s that are in my daughters name if I can deduct this at all? I am under the 160,000 magi limit.

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ChristinaS
Expert Alumni

My daughter 26 not dependent. Her student loans cosigned by my wife. We make the payment and file jointly. Can I duct the interest. 1098s in daughters name. How to enter?

Maybe ...you can deduct the interest if-

  • You paid the loan
  • Are obligated to do so
  • Your daughter was your tax dependent when you took out the loan

https://www.irs.gov/taxtopics/tc456.html

When you visit the Student Loan Interest Paid (Form 1098-E) section under Education- Deductions and Credits, you'll see the option "Someone Else" if student is not on your tax return.

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1 Reply
ChristinaS
Expert Alumni

My daughter 26 not dependent. Her student loans cosigned by my wife. We make the payment and file jointly. Can I duct the interest. 1098s in daughters name. How to enter?

Maybe ...you can deduct the interest if-

  • You paid the loan
  • Are obligated to do so
  • Your daughter was your tax dependent when you took out the loan

https://www.irs.gov/taxtopics/tc456.html

When you visit the Student Loan Interest Paid (Form 1098-E) section under Education- Deductions and Credits, you'll see the option "Someone Else" if student is not on your tax return.

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