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March 18, 2021
Question

How can I enter the 1098E - I have in my name for a parental student loan I took out for our daughter? She is no longer a dep. Turbo tax wants me to select a student.

  • March 18, 2021
  • 1 reply
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1 reply

dacjhad3Author
March 18, 2021

I got it figured out.  

March 19, 2021

IRS Form 1098-E is used to report interest paid on student loan. Borrowers will receive the form and report it as adjustment to income You can deduct up to $2,500 worth of student loan interest from your taxable income as long as you meet certain conditions:  To enter the interest in Turbo Tax.

  • In Turbo Tax Home Screen, choose Tax Tools.
  • At the drop down menu, select Tools.
  • Under Tool Center, type in the search bar "1098-E", click go.
  • Enter your 1098-E information.