I am trying to understand the 1098E. We are the co-signor on our children's student loans, and they were paid off this year. The original loan is in their name (we are the co-signor). We claim them as dependents.
Per guidelines, the loan is in their name, so we (parents) can't submit the 1098E, but when we try to enter the 1098e on their taxes, it says they can't enter it because they are claimed on their parents taxes. I am going in a circle, and there is over $19K in interest that someone needs to write off!!! Does anyone know this?
