You need to answer Yes to receiving a 1098-E. Then enter the information from your records. You can claim the deduction in tax year 2024 if all of these apply:
- You paid interest on a qualified student loan in tax year 2024
- You, or your spouse if filing jointly, can't be claimed as dependents on someone else's return
- You're legally obligated to pay interest on the qualified student loan
- Your filing status isn't Married Filing Separately
Note: a qualified student loan is a loan you took out solely to pay qualified higher education expenses that were:
- For you, your spouse, or a person who was your dependent when you took out the loan.
- Paid or incurred within a reasonable period of time before or after you took out the loan
- Paid within a reasonable period of time before or after taking out the loan
You can deduct up to $2500 if you qualify - See this TurboTax FAQ
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