topic 1098e in Education

1098e

Chattyme — Wed, 03 Feb 2021 01:06:01 GMT

We claim Our fulltime grad school student daughter as dependent. She gets a 1098e every year. The loans are in her name only. Can we claim the 1098e form? If so does she still need to claim it too?

we also help pay out of pocket tuition and supplies.

Re: 1098e

Bsch4477 — Wed, 03 Feb 2021 01:46:02 GMT

Unfortunately you can’t claim that deduction because you are not liable for the loan unless you are a co-signer. And she can’t deduct it because she is a dependent.

Re: 1098e

Bsch4477 — Wed, 03 Feb 2021 01:49:59 GMT

A dependent cannot claim the student loan interest. See Pub 970 pg. 34.