Student Loan Interest Student loan interest
The data entry is as if you received form 1098-E:
- Federal Taxes
- Deductions & Credits
- Education
- Select Student Loan Interest Paid (Form 1098-E) - enter name of Lender and interest paid
You
can only deduct student loan interest
if all of the following
apply:
- You paid interest on a qualified
student loan in tax year 2016
- You are legally
obligated to
pay interest on a qualified student loan
- Your filing status is not
married filing separately
- Your MAGI is less than a
specified amount which is set annually, and
- You or your spouse, if filing
jointly, cannot be claimed as dependents on someone else's return
