turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

awrack
New Member

When claiming student loan interest deduction, if the holder of the loan is my dependent, and I’m a co-signer, can I claim the interest as a deduction even if my form say the dependents social?

 
1 Best answer

Accepted Solutions
MarilynG1
Employee Tax Expert

When claiming student loan interest deduction, if the holder of the loan is my dependent, and I’m a co-signer, can I claim the interest as a deduction even if my form say the dependents social?

Yes, as a co-signer on your dependent's student loan, you are legally obligated to pay the loan, so you may deduct the interest.

 

Click the link for more info on Student Loan Interest Paid.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
MarilynG1
Employee Tax Expert

When claiming student loan interest deduction, if the holder of the loan is my dependent, and I’m a co-signer, can I claim the interest as a deduction even if my form say the dependents social?

Yes, as a co-signer on your dependent's student loan, you are legally obligated to pay the loan, so you may deduct the interest.

 

Click the link for more info on Student Loan Interest Paid.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Use your Intuit Account to sign in to TurboTax.
By selecting Sign in, you agree to our Terms and acknowledge our Privacy Statement.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing

Related Content

Manage cookies