You'll need to sign in or create an account to connect with an expert.
The student is the only one who can deduct the student loan interest.
There are two requirements to deduct the interest:
1. You actually paid it
2. You are legally obligated to pay it
If the parent co-signed the loan, then both of you are legally obligated to pay it. So, the one who actually paid it gets the deduction. The name and SS# on the form 1098-T does not change those rules.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
mbdowty
Level 1
mpiseter
Level 1
osgood53
New Member
snoblack
Level 2
slowreader
Level 4
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.