Yes you can claim the interest.
This deduction lets you claim up to $2,500 of interest you paid on qualifying student loans. To get this deduction:
- You need your Form 1098-E.
- The student loan has to be in your name.
If you are a parent and the loan is in your child's name, then you can't deduct the interest on your tax return even if your child is your dependent on your tax return.
Follow the steps below to add this to your return:
- Select Federal Taxes (Personal in the Home & Business edition).
In Online TurboTax, click the bars at the upper left corner to show Federal Taxes on the selection list; enlarge the screen if needed to show the left side selection list.
- Select Deductions & Credits and click I'll choose what I work on.
- Scroll down the Your Deductions & Credits screen until you see the Education group.
- Click Start or Update next to the Student Loan Interest Paid category.
- Follow the on-screen instructions
See link below for further information.
https://ttlc.intuit.com/bookmarks?bookmark%5Bpost_id%5D=1966009
