MinhT1
Expert Alumni

After you file

You are not required to file form 1098-E to claim the student loan interest deduction. If you do not file that form, you will simply lose the benefit of that deduction. You will not be audited for this.

 

In case you wish to claim, if your tax return is rejected, you can add those Form 1098-E, correct any other errors on the return and resubmit it.

 

If it is accepted, you will need to amend your return to include the Forms 1098-E.

 

Amending won't delay your original refund. However, if you're amending to claim more money, the IRS says to wait until you've received your original refund before filing an amendment. Once you've received your original refund, feel free to cash or spend it while your amendment gets processed

 

Please be aware that Form 1040X will not be available in TurboTax until February 18, 2021, but once it is available, you will be able to prepare and e-file your amended return.

 

Please see this TurboTax FAQ for instructions on how to amend your tax return in TurboTax.

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