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Will I be qualified for a deduction if my student loan payments went to a student loan rehab program/collection agency?

 
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Cindy0H
New Member

Will I be qualified for a deduction if my student loan payments went to a student loan rehab program/collection agency?

It has to be a qualified student loan. You need to have a 1098-E to claim it.

You cannot deduct student loan interest if the loan was from one of the following sources:

*A related person, OR

*A qualified employer plan.

 Related Person:  You cannot deduct interest on a loan you received from a related person. Related persons include:

 *Your spouse,

*Your brothers and sisters,

*Your half brothers and half sisters,

*Your ancestors (parents, grandparents, etc.),

*Your lineal descendants (children, grandchildren, etc.), OR

*Certain corporations, partnerships, trusts, and exempt organizations.


https://ttlc.intuit.com/replies/3302319

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