You'll need to sign in or create an account to connect with an expert.
Many people do not receive a 1098-E, often because the institution is only required to issue a form if the amount was over $600. The fact that you did not receive a 1098-E does not prevent you from claiming the interest, as long as the loan is a "Qualified Student Loan."
The IRS defines a Qualified Student Loan as follows:
This is a loan you took out solely to pay qualified education expenses (defined later) that were:
Loans from the following sources aren't qualified student loans.
Related person. You can't deduct interest on a loan you get from a related person. Related persons include:
Your spouse;
Your brothers and sisters;
Your half brothers and half sisters;
Your ancestors (parents, grandparents, etc.);
Your lineal descendants (children, grandchildren, etc.); and
Certain corporations, partnerships, trusts, and exempt organizations.
Qualified employer plan. You can't deduct interest on a loan made under a qualified employer plan or under a contract purchased under such a plan.
For more information, please see this IRS publication: https://www.irs.gov/publications/p970/ch04.html#en_US_2015_publink1000178237
Many people do not receive a 1098-E, often because the institution is only required to issue a form if the amount was over $600. The fact that you did not receive a 1098-E does not prevent you from claiming the interest, as long as the loan is a "Qualified Student Loan."
The IRS defines a Qualified Student Loan as follows:
This is a loan you took out solely to pay qualified education expenses (defined later) that were:
Loans from the following sources aren't qualified student loans.
Related person. You can't deduct interest on a loan you get from a related person. Related persons include:
Your spouse;
Your brothers and sisters;
Your half brothers and half sisters;
Your ancestors (parents, grandparents, etc.);
Your lineal descendants (children, grandchildren, etc.); and
Certain corporations, partnerships, trusts, and exempt organizations.
Qualified employer plan. You can't deduct interest on a loan made under a qualified employer plan or under a contract purchased under such a plan.
For more information, please see this IRS publication: https://www.irs.gov/publications/p970/ch04.html#en_US_2015_publink1000178237
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
TomG6
New Member
RefundableAOTC
New Member
kajach3
New Member
kb115_
Level 2
mbirkenholz
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.