You'll need to sign in or create an account to connect with an expert.
Only the 1098-T comes from your college. It's the only document you need to claim a Tuition Credit or deduction.
The 1098-E comes from your loan company. It shows only the amount of interest you paid on the loan, in 2019. It shows nothing about the amount of money spent on or dispersed for education. It is only used to claim the student loan interest deduction and not to claim a tuition credit or deduction.
If you are your parent's dependent, only they can claim the tuition credit ("claim your 1098-T"), not you.
A 1098-T form is used to enter tuition and fees paid and scholarship income received.
A 1098-E form is used to enter interest paid on a school loan.
You need each of them to enter the information from them.
Only the 1098-T comes from your college. It's the only document you need to claim a Tuition Credit or deduction.
The 1098-E comes from your loan company. It shows only the amount of interest you paid on the loan, in 2019. It shows nothing about the amount of money spent on or dispersed for education. It is only used to claim the student loan interest deduction and not to claim a tuition credit or deduction.
If you are your parent's dependent, only they can claim the tuition credit ("claim your 1098-T"), not you.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
user17712010583
Returning Member
jackkgan
Level 6
MidMoMom24
Level 3
in Education
user17749825114
Returning Member
user17744001788
New Member
in Education