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March 9, 2020
Question

Student loan interest deduction

  • March 9, 2020
  • 1 reply
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Where do you include the $2500 student loan interest deduction on the amended 1040x form?

    1 reply

    March 9, 2020

    You'll see the form 1098-E Student Loan Interest amount on Form 1040X, Column B. Net change. Here is the flow from your original 1098-E entry.

    1. The Student Loan Interest is on Schedule 1, Part II Adjustments to Income, Line 20.
    2. The Schedule 1 flows to Form 1040, Line 8a.
    3. The Form 1040, Line 8b, adjusted gross income, flows to Form 1040X, Line 1. 

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