saa377
New Member

Roth IRA cashed out to pay off daughter's Parent-Student school loan.

In 2024, I cashed out my ROTH IRA to pay off a Parent-Student school loan for 20K. The loan was in my name, but my daughter is the one who got the education. Turbo Tax is asking what I did what the money. Can I claim the deduction for the education expenses? My daughter is 38 years old now and files her own taxes.