I am the co-borrower along with my daughter on student loans used to pay for her college education. She was my dependent at the time the loans were taken out. I am now paying the loans back as she is not yet financially able to. Am I entitled to the deduction?
Thanks, Brian Devlin
snipped-for-privacy@cox.net (Brian Devlin) posted:
Yes, Brian, so long as she is your dependent, or _was_ your dependent at the time you took out the loan. (As you note, you were the co-borrower, that seems a settled matter.)
IRS Pub 17 has an excellent discussion with charts which defines the income limits and maximum deductions which apply (and it can be found on pages 133-134). This should be accessible at
Bill
Yes.
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