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New Member
posted Apr 15, 2021 11:21:11 AM

I have 2 Forms Of 1098E, The 1st form is interest I paid. The 2nd form I consolidated my student loans, its the interest they paid. Do I include this?

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2 Replies
Expert Alumni
Apr 15, 2021 11:33:36 AM

You can only deduct the student loan interest if you actually paid the interest and the loan is in your name or you are the co-signer.

Level 15
Apr 15, 2021 1:25:22 PM

Q.  The 2nd form I consolidated my student loans, its the interest they paid. Do I include this?

A.  Yes.  You effectively paid that interest because it was added to you loan balance.  The proof is that you got a form 1098-E for it.