1098 e form. It is in my daughters name and she cannot claim it cuz she is a dependent. I tried to claim it but could not cuz it was not in my name. Please advise

posted

Connect with an expert

3 Replies

1098 e form. It is in my daughters name and she cannot claim it cuz she is a dependent. I tried to claim it but could not cuz it was not in my name. Please advise

In that case nobody can claim it. Only the named student could claim it if not a dependent.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

1098 e form. It is in my daughters name and she cannot claim it cuz she is a dependent. I tried to claim it but could not cuz it was not in my name. Please advise

The student loan interest cannot be entered on a dependent's tax return and if you do not have a legal obligation for the loan payment, the interest cannot be entered on your tax return.

1098 e form. It is in my daughters name and she cannot claim it cuz she is a dependent. I tried to claim it but could not cuz it was not in my name. Please advise

If you co-signed the loan (and are therefore legally obligated), you may deduct the interest, if you paid it, even though both the loan and the form 1098-E are in her name.

Otherwise, as others have said, nobody gets the deduction.

Still have questions?