1098 e form has my daughters name on it. I have paid it all year. I am a cosigner on the loan. She is not a dependent on my tax form. Who gets to claim the interest?

[Marketstar · Accepted solution]

You can deduct student loan interest if:

• You paid interest on a qualified student loan in tax year 2015

• You are legally obligated to pay interest (ie. you are a co-signer) on a qualified student loan

• Your are not filing Married Filing Separate

• Your Modified Adjusted Gross Income is less than a specified amount which is set annually, and

• You or your spouse, if filing jointly, cannot be claimed as dependents on someone else's return.