DawnC
Expert Alumni

Get your taxes done using TurboTax

Yes, it is unfortunate.  You could take the interest deduction if you had co-signed on the loan - then you would have a 'legal obligation' to pay the debt.  

You can claim the deduction if all of the following apply:

  • You paid interest on a qualified student loan in the tax year 2020.
  • You can take the deduction as a student, or as a parent making payments on your dependent student’s loan. However, you or your spouse, if filing jointly, can't be claimed as dependents on someone else's return.
  • You're legally obligated to pay interest on a qualified student loan.
  • Your filing status isn't married filing separately.
  • Your MAGI is less than a specified amount, which is set annually.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"