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student loan interest
I have one child who graduated in 2020 and one still in college. Both have student loans in their names on which I am cosigner. When preparing my return, Turbo tax advice said I was not eligible to deduct student loan interest because loan is not in my name, but that student could deduct on their return. When preparing my daughter's return, it said that she is not eligible to deduct because she is claimed as dependent on my return. Thus, no one gets to deduct this interest. Is that true? Thx.
May 14, 2021
10:32 AM