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defensor86
New Member

I paid school loan but not eligible for 1098 E, can i still file the interest amount on my taxes

 
1 Reply
MargaretL
Employee Tax Expert

I paid school loan but not eligible for 1098 E, can i still file the interest amount on my taxes

Student Loan Interest Student loan interest

The data entry is as if you received form 1098-E:

  1. Federal Taxes
  2. Deductions & Credits
  3. Education
  4. Select Student Loan Interest Paid (Form 1098-E) - enter name of Lender and interest paid


You can only deduct student loan interest  if all of the following apply:

  • You paid interest on a qualified student loan in tax year 2016
  • You are legally obligated to pay interest on a qualified student loan
  • Your filing status is not married filing separately
  • Your MAGI is less than a specified amount which is set annually, and
  • You or your spouse, if filing jointly, cannot be claimed as dependents on someone else's return

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