Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Feb 28, 2025 6:53:00 PM

I don't have 1098-E but I paid student loan and interest in 2024 to a UK lender. I have statement for the interest that I paid. How can I claim tax brake for the interest

0 2 1239
2 Replies
Level 15
Feb 28, 2025 6:55:15 PM

Enter it at the 1098-E screen, even though you don't actually have one. 

Expert Alumni
Feb 28, 2025 6:59:42 PM

You can enter the interest from the statement with the 1098-E.   Enter the name of the lender and the amount.   Search for 1098-e to be taken directly to the entry screen.   You can deduct the interest paid on a qualified student loan. The loan must have been used for tuition, fees, room and board, books, and supplies for you, your spouse, or your dependent. This includes interest that was paid early or on time.

 

 

What if I don't have my 1098-E?

Normally you receive your 1098-E from your student loan lender. If you haven't received this form (online or in the mail), it could be because you paid less than $600 in interest last year or haven't made any payments on your loans for the year.   If you don't have your 1098-E, we recommend you contact your student loan lender, or you can grab your interest amount from your year-end statement and enter that amount to get a deduction.