topic Re: Student Loan & 1098-E in Retirement tax questions

Student Loan & 1098-E

scottirv — Mon, 07 Apr 2025 12:02:18 GMT

Taxpayer has a dependent who is in college. He set up a qualified student loan in his sons name. Taxpayer (not son) has been making all interest payments for 2024. The 1099-E was issued in his sons name. Can the taxpayer deduct the interest on his tax filing?

Re: Student Loan & 1098-E

MinhT1 — Mon, 07 Apr 2025 12:12:11 GMT

If the taxpayer is the borrower or the co-signor on the loan and makes the loan payments, he can deduct the student loan interest on form 1098-E.

Please read this IRS document on the student loan interest deduction.

Re: Student Loan & 1098-E

scottirv — Mon, 07 Apr 2025 12:44:59 GMT

Thank you!

Re: Student Loan & 1098-E

heifetzbh2022 — Sat, 21 Feb 2026 18:16:11 GMT

What if the student has graduated from college and now both the student and parent are making payments? Can the interest reported on the student's 1098-E be split between them?

Re: Student Loan & 1098-E

MinhT1 — Mon, 23 Feb 2026 16:45:22 GMT

Yes.

If both the borrower and the co-signor have repaid the loan, they can split the interest reported on form 1098-E, but the sum of interest claimed by both of them cannot exceed $2,500.

For more information, please read this IRS document.