How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask jgordosea Your Own Question
jgordosea, Enrolled Agent
Category: Tax
Satisfied Customers: 3159
Experience:  I've prepared all types of taxes since 1987.
Type Your Tax Question Here...
jgordosea is online now
A new question is answered every 9 seconds

If my daughter takes out a loan for college and I co sign

Resolved Question:

If my daughter takes out a loan for college and I co sign Can I deduct the cost of her college if I claim her as a dependant Or will the Govt consider her as the person paying because she is the primary person on the loan
Submitted: 6 years ago.
Category: Tax
Expert:  jgordosea replied 6 years ago.



In order for you to claim any education tax benefit you must be able to claim your daughter as a dependent.


If there are qualified education expenses for your dependent during a tax year, either you or your dependent, but not both of you, can claim credit for your dependent's expenses for that year.

See Who Can Claim a Dependent's Expenses

"If you claim an exemption on your tax return for an eligible student who is your dependent, treat any expenses paid (or deemed paid) by your dependent as if you had paid them."


You can and should claim the education expenses that were paid by your daughter that you are allowed claim as a dependent on your tax return.


Please ask if you need clarification.

Thank you.





jgordosea and other Tax Specialists are ready to help you

Related Tax Questions