1098-E

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I am the co-signer - my daughter is in the Air Force now. She was a dependent when we took out the loan for college. She is not claiming the interest - I have been paying the loan - the 1098-E is in her name -

When entering my numbers into TurboTax - the site says that the IRS will only let you claim the student loan interest deduction IF your name in on the 1098-E form ??? Is this correct ???

Hal_Al

Level 15

Q. TurboTax - the site says that the IRS will only let you claim the student loan interest deduction IF your name in on the 1098-E form. Is this correct ???

A. No.

You can claim the interest deduction, if you meet the three requirements:

You paid the interest
You are legally obligated to pay it (co-signing counts)
The student was your dependent, at the time the loan was used to pay for qualified educational expenses

Enter at the 1098-E screen as if it were yours