My daughter is a full-time first year student and she also had some income from a part-time job in 2023. I created a separate return for her in TurboTax.
After entering the student loan interest, TurboTax states that she is 'not eligible for an education credit since someone else can claim her as a dependent', however, the additional information also states 'If you are a parent and the loan is in your child's name, then you can't deduct the interest on your tax return even if your child is your dependent on your tax return.'
This is confusing. So no one can claim her student loan interest payments?
