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student loan interest

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Level 1

I have a 28 year old with about 10,000 student loan interest paid in 2019.  Can her parents also claim part of the 10,000 on their return, since she was a dependent while in school.  This would be in addition to her claiming her 2500 on her 2019 return.  Federal Tax Handbook addresses it at par 2220, but it is not clear whether both can claim. 

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Level 11
Level 11

No, from pub 456: Note YOU

A qualified student loan is a loan you took out solely to pay qualified higher education expenses that were:

  • For you, your spouse, or a person who was your dependent when you took out the loan;
  • For education provided during an academic period for an eligible student; and
  • Paid or incurred within a reasonable period of time before or after you took out the loan.

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Highlighted
Level 11
Level 11

No, from pub 456: Note YOU

A qualified student loan is a loan you took out solely to pay qualified higher education expenses that were:

  • For you, your spouse, or a person who was your dependent when you took out the loan;
  • For education provided during an academic period for an eligible student; and
  • Paid or incurred within a reasonable period of time before or after you took out the loan.

View solution in original post