No, you cannot deduct the interest because you did not make the payments. You meet one qualification for deduction since you are a co-signer.. but you must also meet the other qualification which says you must have paid the loan.
You can only
deduct student loan interest if all of the following apply:
-
You paid interest on a qualified student loan in tax year 2015
-
You are legally
obligated to pay interest on a qualified
student loan
- Your filing status is not married filing separately
- Your MAGI is less than a specified amount which is set annually,
and
- You or your spouse, if filing jointly, cannot be claimed as
dependents on someone else's return
