Form 1098-E, Student Loan Interest Statement
Taxpayers should receive Form 1098-E Student Loan Interest Statement if they paid more than $600 in interest on a qualified student loan during the tax period
Follow the instructions below to correctly enter the Form 1098-E Student Loan Interest Statement:
Select Add Form
Begin by typing 1098, into the search bar at the bottom of the All Forms and Schedules Menu.
Scroll down and select Form 1098-E Student Loan Interest Statement. Double-click to add the form.
If a joint return, choose New Taxpayer's or New Spouse's Occurrence.
Complete the 1098-E, filling in all applicable sections.
Student loan interest entered on Form 1098-E is an above the line deduction and will flow to SCH 1, Part II. Above the line deduction means a taxpayer can take the deduction regardless of itemizing on their tax return.