1099-e

If I am a cosigner on my ex-husband's student loan and he is not making payments, but I am....do I get credit for the interest I paid when tax time comes, or does he? My divorce docs state that I am to pay half of the consolidated federal loan since 1/3 of it was for my education but that he is responsible for all of the private loan. Since he is not making payments and the loans were about to default, I am making payments on both. The payments I am making towards his educational loans are roughly equal to the court ordered child support he is NOT paying me. I can't afford this and I really don't want him to be able to deduct the interest that I am paying from his taxes.

Haul his butt back to court.

Keep track of the payments and the interest you are paying. Deduct them. If he attempts to deduct them and gets audited, you will have the proof that you made the payments, not him.

+1

One of you (likely you, if he's getting the docs and the 1099e) is likely to get audited over this. Don't sweat it. An audit's really not that big a deal, but do make certain that your records are in good order. Was this debt mentioned in the divorce decree at all?

On a (kinda) unrelated note: How come he's not keeping up with his child support payments? And why are you letting him get away with it. That can be resolved easily with just a couple of phone calls, in most cases. Sorry, but that's just a pet peeve of mine.