Parent co-signed on student loan for child. Child is not a dependent and no longer in school. Parent over 65 and not working.
Parent is paying student loan since child unable to make payments. It is my understanding that interest is deductible by parent since he is legally obligated to pay on the loan (co-signed). Am I correct in this?
Parent is paying student loan since child unable to make payments. It is my understanding that interest is deductible by parent since he is legally obligated to pay on the loan (co-signed). Am I correct in this?
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