RalphH1
Expert Alumni

Education

You can possibly deduct the student loan interest for your daughter, depending on the circumstances. If you took out the loan yourself (so your name is on the 1098-E every year), and she was your dependent and an “eligible student” at that time, then there’s a good chance.

 

Here’s a TurboTax discussion about the 1098 issue, and here’s the IRS describing the basics of qualifying for the deduction. They also give us some more hoops to jump through (which many people skip) here in Publication 970. (The “Adjustments to Qualified Expenses” thing can be really messy to figure out, especially years later, but the main point is that the loan was indeed used for education, and that there were enough related expenses to justify this deduction.) I hope this was helpful, @mklebe6!

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