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posted Jan 27, 2020 11:58:34 AM

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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1 Best answer
Expert Alumni
Jan 27, 2020 12:25:11 PM

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.

1 Replies
Expert Alumni
Jan 27, 2020 12:25:11 PM

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.