i co-signed for a student loan and i'm paying for it now. can i file it for tax refund?

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i co-signed for a student loan and i'm paying for it now. can i file it for tax refund?

2007-12-13 10:28:38 · 2 answers · asked by chrissykaduka 2 in Business & Finance ➔ Taxes ➔ United States

2 answers

Yes, Just be prepared to document the payments. Bank statements or check stubs.

2007-12-13 10:33:09 · answer #1 · answered by Michael 4 · 0⤊ 1⤋

No, it's not deductible - you cosigned voluntarily, so you're stuck with it.

If the student you cosigned for was your dependent at the time the loan was issued, like your child, you might be able to take an adjustment to income for some or all of the interest you pay.

2007-12-13 21:07:56 · answer #2 · answered by Judy 7 · 1⤊ 0⤋