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February 20, 2020
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Non-1098 Student Loan

  • February 20, 2020
  • 1 reply
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I've been making payments to the student loan I have through Sallie Mae, and it is a kind of loan not eligible for any kind of tax form. I've asked for a couple years now and the only thing they can give me is a simple statement of the interest I've paid for the year. Can I still take those interest payments off my taxes despite it not qualifying for any standard documentation? I'm certainly hoping so, it eats up about 2/3 of my income.

    Best answer by AmyC

    Yes, if you can prove it came from student loans, you can deduct the interest. This link may help, Get tax information and forms - Sallie Mae. It says:

     

    How do I get my 1098 from Sallie Mae?

    Create or log in to your account at SallieMae.com. Go to your Profile (by selecting "Settings," and then "Account Settings" in the upper right-hand corner). Click the “Communication preferences” button. For tax statements, choose "Yes" under "1098-E Consent."

     

     

    1 reply

    AmyC
    AmyCAnswer
    Employee
    February 20, 2020

    Yes, if you can prove it came from student loans, you can deduct the interest. This link may help, Get tax information and forms - Sallie Mae. It says:

     

    How do I get my 1098 from Sallie Mae?

    Create or log in to your account at SallieMae.com. Go to your Profile (by selecting "Settings," and then "Account Settings" in the upper right-hand corner). Click the “Communication preferences” button. For tax statements, choose "Yes" under "1098-E Consent."

     

     

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