Can my mother take a dedcution of her 1041 for interest payed if she is a co-signer?

knivesthe: Can my mother take a dedcution of her 1041 for interest payed if she is a co-signer?
My mother cosigned my loan for school and I am wondering if she can take a deduction for the interest payed, since she is obligated to it.
she made the payments on the interest. Also I do not have to legally start making my payments until feb this year. However she pays my brothers off too and he has to make his payments.

Answers and Views:

Answer by v b
Did she pay the interest or did you?

By the way you meant 1040–1041 is for dead people.

Answer by DeeDee
who received the 1099-INT, and in whose social security number? that is the first question.

Answer by DEBORAH F
Yes, if she was obligated to pay it and you were her dependent when the loan was taken out, then she can deduct it on her Form 1040 Line 33.

Answer by Chosen 2 be me
Question: Is a parent eligible for the Student Loan Interest Deduction?

Answer: An individual may claim the deduction if he/she paid interest on a loan taken out solely to pay the “qualified higher education expenses” of someone who was a dependent at that time. Therefore, parents paying interest on PLUS loans may claim the deduction, provided that income restrictions and other eligibility requirements are met. (See the discussion under “Can You Claim the Deduction?” in the Student Loans chapter of IRS Publication 970: Tax Benefits for Higher Education.
IRS website.