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yvette-rodriguez
New Member

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?

 
2 Replies
MinhT1
Employee Tax Expert

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?

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.

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Hal_Al
Level 15

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?

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.

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