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Student Loan Interest Deduction
I (stupidly) co-signed a student loan for a family friend, who now is rarely making payments. As the co-signer who has made at least 80% of 2022 payments, can I claim the interest? If so, how do I get a 1098 form, since they only send that to the primary borrower? (All they sent me was the total amount.) I would have to only claim part of the interest total (my portion), so the amount I claim would be different from what is on the 1098 anyway. Would this throw up a red flag? And what if he tries to claim the interest, too?
‎January 29, 2023
10:05 AM