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lastempel
New Member

Why doesn't my interest paid on 1098 E show on my 1040

Is the interest paid on 1098 E a Itemized deduction or a credit on the 1040 return

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MinhT
Expert Alumni

Why doesn't my interest paid on 1098 E show on my 1040

The student loan interest deduction is a deduction from taxable income. It is shown on line 33 of Schedule 1 (form 1040). The total of all adjustments to income on line 36 of Schedule 1 is then deducted from your Adjusted Gross Income shown on line 7 of form 1040. 

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1 Reply
MinhT
Expert Alumni

Why doesn't my interest paid on 1098 E show on my 1040

The student loan interest deduction is a deduction from taxable income. It is shown on line 33 of Schedule 1 (form 1040). The total of all adjustments to income on line 36 of Schedule 1 is then deducted from your Adjusted Gross Income shown on line 7 of form 1040. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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