Are you the student? And are you a dependent of the co-signer?
I am the student (have since graduated) and I'm not a dependent of primary (he's my uncle).
No, but the info I'm reading is contradictory. The examples suggest that I should get the deductions since I'm paying. When I click the button for someone else's name then a blurb pops up saying otherwise. I continue to enter the amount of interest paid and afterwards it still says $0
Sometimes neither person is allowed the deduction. See the learn more link in the 'someone' else paragraph. However, if you are a co-signer you are legally obligated to pay the loan and should be able to take the deduction. Choose your name if your name is also listed on the loan documents (not someone else)
But my name isn't on the 1098-E form. Can I still put my name?
Is the loan in your name/uncles' name or uncle only?
It is in his name. I was the student and co-signer, and the only one paying.
Select your name. You can take the deduction. Let me know if it gives you an amount.
It did. I entered the interest paid amount of 505.87 and it shows 506.00
Even if your name is not on the 1098-E form, then you can take the deduction because you are a co-signer. This makes you obligated to pay the loan amount. Select 'yourself' in the 1098-E section and enter the interest amount.
You can claim the deduction if all of the following apply:
A qualified student loan is a loan you took out solely to pay qualified higher education expenses that were:
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