Skip to main content
July 14, 2020
Solved

I am only able to apply to receive a 1098-t form from my college. Is that sufficient or is a 1098-e form required? If it is, how can I find it?

  • July 14, 2020
  • 2 replies
  • 0 views
No text available
Best answer by Hal_Al

Only the 1098-T comes from your college.  It's the only document you need to claim a Tuition Credit or deduction.  

The 1098-E comes from your loan company.  It shows only the amount of interest you paid on the loan, in 2019. It shows nothing about the amount of money spent on or dispersed for education.  It is only used to claim the student loan interest deduction and not to claim a tuition credit or deduction. 

 

If you are your parent's dependent, only they can claim the tuition credit ("claim your 1098-T"), not you.

2 replies

Employee
July 14, 2020

A 1098-T form is used to enter tuition and fees paid and scholarship income received.

 

A 1098-E form is used to enter interest paid on a school loan. 

 

You need each of them to enter the information from them. 

Hal_Al
Hal_AlAnswer
Employee
July 14, 2020

Only the 1098-T comes from your college.  It's the only document you need to claim a Tuition Credit or deduction.  

The 1098-E comes from your loan company.  It shows only the amount of interest you paid on the loan, in 2019. It shows nothing about the amount of money spent on or dispersed for education.  It is only used to claim the student loan interest deduction and not to claim a tuition credit or deduction. 

 

If you are your parent's dependent, only they can claim the tuition credit ("claim your 1098-T"), not you.