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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?
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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.
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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"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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