Student Loan Deduction

[pen66angie]

can I take the interest deduction for 2018 interest payments

[Carl]

Only if you had a legal obligation to pay the loan, and you actually did pay it. If both criteria are not met, you can not claim/deduct the interest. If your name and SSN is not on the 1098-E, then be prepared to prove both criteria to the IRS if audited on it.

[AJ]

Here is a link for you to check some of the miscellaneous restrictions that could prevent someone from claiming the student loan interest deduction.

https://turbotax.intuit.com/tax-tips/college-and-education/what-is-form-1098-e-student-loan-interest...

If you qualify, then the draft IRS forms indicate that the student load interest amount would go to Line 33 of Schedule 1 as an adjustment to income.