ChelseaS
New Member

Education

Yes, if your daughter was your dependent when you took out this loan, then you can claim the deduction if all of the following apply:
    • You paid interest on a qualified student loan in tax year 2016
    • You are legally obligated to pay interest on a qualified student loan (meaning that you are either the borrower or co-borrower)
    • 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
Please see the following IRS link for more information: https://www.irs.gov/taxtopics/tc456.html


View solution in original post