Regardless of who's name is XXXXX XXXXX 1098E, you may claim the deduction if the following applies:
1. You were legally obligated to make the interest payments
2. You actually made the payments during the year AND
3. You claim your daughter as a dependent
In addition, the deduction is capped at $2,500 and will be phased out if your Modified Adjusted Gross Income is $60,000 - $75,000 (Single, Head of Household) or $120,000 - $150,000 (Married Joint).
Thank you for your question,
If your daughter was your dependent when you originally borrowed the money, then you are allowed to take the deduction.