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I failed to add 1098-E to return

I already e-filed and received a 1098-E for student loans. I forgot about this form. The amount of interest in box 1 is pretty significant. Should I be amending my return? Or how do I even do that?
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1 Best answer

Accepted Solutions
Hal_Al
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

I failed to add 1098-E to return

If you had a tax liability (an amount above 0 on line 24 of form 1040), then yes, you should file an amended return.  The additional income deduction (technically an adjustment to income) will result in a lower total tax and more money back for you.

 

You have to wait until your original tax return is fully processed (usually when you get your refund) before you can file an amended tax return.

 

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2 Replies

I failed to add 1098-E to return

It is too soon to amend a 2024 tax return.   You have to wait until it has been fully processed by the IRS.  Sometimes the IRS catches and corrects mistakes you made.   And the Form 1040X you will need is not available until mid-February.  Amending too soon can cause confusion and long delays.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
Hal_Al
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

I failed to add 1098-E to return

If you had a tax liability (an amount above 0 on line 24 of form 1040), then yes, you should file an amended return.  The additional income deduction (technically an adjustment to income) will result in a lower total tax and more money back for you.

 

You have to wait until your original tax return is fully processed (usually when you get your refund) before you can file an amended tax return.

 

**Say "Thanks" by clicking the thumb icon in a post

**Mark the post that answers your question by clicking on "Mark as Best Answer"

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