How do I enter two separate 1098-E forms?

LGSergeant
LGSergeant Member Posts: 4 Newcomer

I received two separate 1098-E forms for my students loans (one for my private and one for my federal) and I can't figure out how to enter them both. For the 1098-E section, all it says is "did you receive a 1098-E" y/n and then asks for the total amount of interest. There is no option to add another form.

Thank you

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  • RustyL
    RustyL FreeTaxUSA Agent Posts: 29
    Answer ✓

    Hi LGSergeant,

    You aren't able to enter your student loan interest form by form in the software.  Instead, you'll need to add the interest paid from each form together and then enter the total on the page you mentioned.

  • Henry
    Henry FreeTaxUSA Agent Posts: 109
    Answer ✓

    No worries! I think the confusion may have come from the Form 1098-E instructions. It says there that you should file this form if you received student loan interest of $600 or more from an individual during the year.

    Those instructions are directed to the entity that holds the loan and receives interest from the student—any financial institution, governmental unit, educational institution, or any other person who receives student loan interest. They refer to when Form 1098-E is required to be provided to payers of student loan interest. 

    As the payer of the student loan interest, the $600 limit does not apply to your ability to claim the interest you paid. Those who don't pay $600 or more and don't receive a 1098-E can still claim the interest they paid. They would just need to contact their loan servicer for the amount of interest they paid during the year.

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