MargaretL
Expert Alumni

Education

You can - but you must also have paid the student loan in addition to be legally obligated to pay it back (and your are as a co-signer) to be able to deduct it's interest. And if you did pay, the data entry is as follows:

  1. Federal Taxes
  2. Deductions & Credits
  3. Education
  4. Select Student Loan Interest Paid (Form 1098-E) - follow the prompts

The issue may arise if 1098-E is not in your name. However, if you ever receive a letter from the IRS to "prove" that you were obligated to pay the loan, you can simply send them a copy of the loan with your name on it.

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