My daughter's private student loan has me as coborrower, but 1098E has her name listed as borrower. Do I get credit for payments I made? Your answers are inconsistent

thiatoo — Tue, 04 Jun 2019 01:33:58 GMT

some answers say a coborrower is able to take credit for payments he/she made, other answeres say no, because only the name of the student is on the 1098E. I am listed on the loan as responsible as a coborrower

Yes, if your daughter was your dependent when you took ou...

ChelseaS — Tue, 04 Jun 2019 01:34:00 GMT

Yes, if your daughter was your dependent when you took out this loan, then you can claim the deduction if all of the following apply:
    • You paid interest on a qualified student loan in tax year 2016
    • You are legally obligated to pay interest on a qualified student loan (meaning that you are either the borrower or co-borrower)
    • Your filing status is not married filing separately
    • Your MAGI is less than a specified amount which is set annually, and
    • You or your spouse, if filing jointly, cannot be claimed as dependents on someone else's return
Please see the following IRS link for more information: https://www.irs.gov/taxtopics/tc456.html

topic My daughter's private student loan has me as coborrower, but 1098E has her name listed as borrower. Do I get credit for payments I made? Your answers are inconsistent in Education

My daughter's private student loan has me as coborrower, but 1098E has her name listed as borrower. Do I get credit for payments I made? Your answers are inconsistent

Yes, if your daughter was your dependent when you took ou...