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Student loan interest
I have two student loans with the same lender US Department of Education that's through Great Lakes. (they're both in my name) I've got two questions. Do I need to list the student interest on these two loan separately or can I combine the interest from the two loans since they're both in my name and the same lender? Also when I list the name of the lender should I list the US Department of Education and Great Lakes or is US Department of Education enough information? Thanks
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Student loan interest
You should report them separately. It will appear as one amount on your tax form, but when you electronically file, the IRS gets the back-up information. In addition, they will look more at the EIN for identification, rather than the name.
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Student loan interest
You are correct. It does not ask for it this year.
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Student loan interest
I did receive two separate 1098-E forms for the two loans. So I would assume I'd report them separate even though they're both in my name and through the same lender
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Student loan interest
You should report them separately. It will appear as one amount on your tax form, but when you electronically file, the IRS gets the back-up information. In addition, they will look more at the EIN for identification, rather than the name.
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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Student loan interest
It didn't have a box for me to enter a EIN number. It only had a box for the lender name and the second box was the amount of interest. Should there be a box for a EIN number for the lender? Thanks for your answer
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Student loan interest
You are correct. It does not ask for it this year.
**Mark the post that answers your question by clicking on "Mark as Best Answer"