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If A Student Is Claimed As A Dependent By His/Her Parent In A Particular Taxable Year, May The Student Take The Student Loan Interest Deduction For Student Loan Interest That He/She Pays In That Year?

April 26, 2017claimed deduction dependent parent particular student student loan taxable that year year

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If A Student Is Claimed As A Dependent By His/Her Parent In A Particular Taxable Year, May The Student Take The Student Loan Interest Deduction For Student Loan Interest That He/She Pays In That Year?

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No. The student may not claim the student loan interest deduction in any taxable year in which he/she is claimed as a dependent on another taxpayer’s return.