1098 E. Cannot claim student loan interest because loan is not in my name

clfriesen452 · ‎June 4, 2019

trying to add a 1098 E, however because the "borrower" listed is not myself, I chose to select "someone else" while trying to add info; apparently because the loan is not in my name, I cannot claim the interest paid. However the named borrower states they cannot claim the interest because they are not the student. I make all payments toward this loan. Thanks for your help!

Marketstar · ‎June 4, 2019

You can deduct student loan interest if:

You paid interest on a qualified student loan in tax year 2015
You are legally obligated to pay interest (ie. you are a co-signer) on a qualified student loan
Your are not filing Married Filing Separate
Your Modified Adjusted Gross Income 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.

If you are not legally liable for the loan, you cannot claim student loan interest

If the named borrower qualifies per the above rules, he/she can claim the interest

1098 E. Cannot claim student loan interest because loan is not in my name

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