I have a question about my 1098-E statement. Box 1 contains an amount far exceeding the actual student interest I paid in 2017. What do I do? Enter this amount?
I re-consolidated this parent loan late in 2017 and I believe the 1098-E is including any accrued interest in box 1...as well as interest I actually paid in 2017.
What amount do I enter in my return?
01230
1 Best answer
IsabellaG
Expert Alumni
Jun 3, 2019 12:31:33 PM
Yes, you can enter this amount. When you consolidated you paid off the accrued interest on the loans, via consolidation, and this portion is deductible.
1 Replies
IsabellaG
Expert Alumni
Jun 3, 2019 12:31:33 PM
Yes, you can enter this amount. When you consolidated you paid off the accrued interest on the loans, via consolidation, and this portion is deductible.