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New Member
posted Feb 25, 2023 4:41:59 PM

Is a 1098 e the same as a 1098 T

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1 Replies
Expert Alumni
Feb 25, 2023 4:53:41 PM

No, they are not the same thing, but both relate to education.

 

The 1098-E tax form reports the amount of interest you paid on student loans in a calendar year. Loan servicers send a 1098-E to anyone who pays at least $600 in student loan interest.

 

See this article from TurboTax for more information about Form 1098-E.

 

Eligible colleges or other post-secondary institutions send Form 1098-T to students who paid "qualified educational expenses" in the preceding tax year. Qualified expenses include tuition, any fees that are required for enrollment, and course materials required for a student to be enrolled at or attend an eligible educational institution.

 

See this article from TurboTax for more information about Form 1098-T.