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I have a question about my 1098-E statement. Box 1 contains an amount far exceeding the actual student interest I paid in 2017. What do I do? Enter this amount?

Forum|Forum|7 years ago
June 3, 2019
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I re-consolidated this parent loan late in 2017 and I believe the 1098-E is including any accrued interest in box 1...as well as interest I actually paid in 2017.

What amount do I enter in my return?

TurboTax Home & Biz Windows

Best answer by IsabellaG

Yes, you can enter this amount. When you consolidated you paid off the accrued interest on the loans, via consolidation, and this portion is deductible.

IsabellaGAnswer

Employee

Yes, you can enter this amount. When you consolidated you paid off the accrued interest on the loans, via consolidation, and this portion is deductible.

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