We have a Parent Plus loan in our name that our son is making the payments on. Can he deduct the interest on his taxes if the 1098-E is in our name but he is paying it?:confused:
|
We have a Parent Plus loan in our name that our son is making the payments on. Can he deduct the interest on his taxes if the 1098-E is in our name but he is paying it?:confused:
The person who is LEGALLY LIABLE to pay the only is the person who gets to claim the deduction.
| All times are GMT -7. The time now is 01:42 AM. |