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February 20, 2020
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Non-1098 Student Loan

  • February 20, 2020
  • 1 reply
  • 44 views

I've been making payments to the student loan I have through Sallie Mae, and it is a kind of loan not eligible for any kind of tax form. I've asked for a couple years now and the only thing they can give me is a simple statement of the interest I've paid for the year. Can I still take those interest payments off my taxes despite it not qualifying for any standard documentation? I'm certainly hoping so, it eats up about 2/3 of my income.

    Best answer by AmyC

    Yes, if you can prove it came from student loans, you can deduct the interest. This link may help, Get tax information and forms - Sallie Mae. It says:

     

    How do I get my 1098 from Sallie Mae?

    Create or log in to your account at SallieMae.com. Go to your Profile (by selecting "Settings," and then "Account Settings" in the upper right-hand corner). Click the “Communication preferences” button. For tax statements, choose "Yes" under "1098-E Consent."

     

     

    1 reply

    AmyC
    AmyCAnswer
    Alumni - Intuit
    February 20, 2020

    Yes, if you can prove it came from student loans, you can deduct the interest. This link may help, Get tax information and forms - Sallie Mae. It says:

     

    How do I get my 1098 from Sallie Mae?

    Create or log in to your account at SallieMae.com. Go to your Profile (by selecting "Settings," and then "Account Settings" in the upper right-hand corner). Click the “Communication preferences” button. For tax statements, choose "Yes" under "1098-E Consent."

     

     

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