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1098-E

Hi,

 

Quick question.  I am the co-signer on my sons student loan.  The 1098-E has come to his name only, even though on-line I see my name as the co-signer.  My question is Can I claim this under my taxes if he does not.  Thanks

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DavidD66
Expert Alumni

1098-E

Yes, if you are legally obligated to repay the loan (which you are) you may deduct the interest on the loan.

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2 Replies

1098-E

Generally, you can claim the deduction if all of the following  requirements are met.
• Your filing status is any filing status except married filing separately.
No one else is claiming you as a dependent on his or her tax return.
• You are legally obligated to pay interest on a qualified student loan.
• You paid interest on a qualified student loan.

 

From what you posted, not only can you claim the interest deduction but if he is your dependent he cannot. 

DavidD66
Expert Alumni

1098-E

Yes, if you are legally obligated to repay the loan (which you are) you may deduct the interest on the loan.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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