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Deductions & credits
1) not deductible to taxpayer who CAN be claimed as a dependent
2) if she marries must file a joint return
3) she must be the one who is legally obligated to repay the loan and actually pays the interest
4) as long as she meets all 3 conditions above she can deduct the interest every year (laws are subject to change)
May 13, 2024
11:33 AM
22,948 Views