topic I paid off part of my daughters FedLoan obligations in 2018. I paid off $26,648. Is any or all of this deductible? in Get your taxes done using TurboTax

I paid off part of my daughters FedLoan obligations in 2018. I paid off $26,648. Is any or all of this deductible?

gohere2saveontax — Tue, 04 Jun 2019 21:54:41 GMT

First, were you legally obligated to pay the loan? For ex...

Carl — Tue, 04 Jun 2019 21:54:43 GMT

First, were you legally obligated to pay the loan? For example, were you a co-signer on the loan? If not, then you have nothing to claim here. Otherwise, the portion of interest that you paid as reported on the 1098-E can be deducted by you.

I was 76 years old in 2018, when i paid this loan.

gohere2saveontax — Tue, 04 Jun 2019 21:54:44 GMT

I was 76 years old in 2018, when i paid this loan.

No, none of the loan payoff is deductible. The student l...

DoninGA — Tue, 04 Jun 2019 21:54:45 GMT

No, none of the loan payoff is deductible. The student loan is a personal loan and is not reported on or deductible on a federal tax return. Only the student loan interest paid can be reported on a tax return.