Solved: Whose return do I claim 1098E (Education Interest Paid) on, if son is FT student and dependent with minor earned income?
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Whose return do I claim 1098E (Education Interest Paid) on, if son is FT student and dependent with minor earned income?

Son is FT student & made $1500. Tried claiming on his return but it said "no"- dependent. Tried my return but says 1098-E int paid must be claimed by borrower on form, even if paid for dependent child. I am a co-signer and the form came in his name, although I made all interest and principal payments. 

The form only gives me my name and my husband's as an option for who the education credit was for.

Where do I claim?

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Whose return do I claim 1098E (Education Interest Paid) on, if son is FT student and dependent with minor earned income?

You can claim the student loan interest deduction on your tax return as you are the co-signer and pay the loan installments. In TurboTax, you choose the name of the co-signer as the borrower.

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Level 6

Whose return do I claim 1098E (Education Interest Paid) on, if son is FT student and dependent with minor earned income?

You can claim the student loan interest deduction on your tax return as you are the co-signer and pay the loan installments. In TurboTax, you choose the name of the co-signer as the borrower.

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

View solution in original post

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