Student Loan Interest Deductions, 1098-e

[lrenaecarlson]

If my parents took out a student loan for me but I make all of the payments, can I deduct the Student Loan Interest received by the lender? Thank you.

[IreneS]

Maybe.  According to IRS Pub. 970 - Tax Benefits for Education:

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 an exemption for you 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.
  

If we assume that you are not married, and you said that you paid the interest, the questions are:

1. Are your parents claiming you as a dependent on their return?
2. Are you legally obligated on the loan?
   

If the answer to #1 is No and #2 is Yes, then you can claim the interest. 

Instructions for entering student loan interest are contained in the following FAQ:

https://ttlc.intuit.com/replies/4801974

For more information you can go to IRS Pub. 970 - Tax Benefits for Education.