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Do I have to add interest from student loan if I don't itemize?

How do I add Form SSA-1099
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1 Reply
MargaretL
Expert Alumni

Do I have to add interest from student loan if I don't itemize?

You don't have to but you may want to report interest from student loan since the student loan interest deduction is not part of your itemized deductions... it is a completely separate deduction that reduces your Adjusted Gross Income; it may be to your benefit to report it. 

Student loan interest is deducted as follows:

  1. Federal Taxes
  2. Deductions & Credits
  3. Education
  4. Select Student Loan Interest Paid (Form 1098-E)

As to your second question, here's data entry for form SSA-1099:

  1. Federal Taxes       
  2. Wages and Income
  3. Scroll down to the Retirement Plans and Social Security
  4. Select Social Security (SSA-1099, RRB-1099)

 

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