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Deductions & credits
This is the first time I have seen anyone ask if they can "split" the interest paid on the student loan between them. If your child is your dependent, she cannot deduct the interest. If she is not a dependent, and you both paid on the loan, I see nothing in IRS Pub. 970 that says you cannot split the interest amount between you since she signed it and you co-signed. As long as the total amount you claim only adds up to the amount on the 1098E. @Carl ??
https://www.irs.gov/pub/irs-pdf/p970.pdf
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
‎February 1, 2020
8:40 PM