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2014 Student Loan Interest Statement Form 1098-E RECIPIENT S federal identification no. BORROWER S social security number 1 Student loan interest received by lender $ BORROWER'S name, street address,
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How to fill out form 1098-e student loan

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How to Fill Out Form 1098-E Student Loan:

01
Start by downloading Form 1098-E from the official IRS website or obtain a physical copy from your loan servicer.
02
Gather all the necessary information before filling out the form. This includes your personal details such as your name, address, and Social Security number. You will also need the lender's identifying information, including their name and address.
03
Locate Box 1 on the form and enter the total amount of interest received or paid on your student loan during the tax year. This information is typically provided on the 1098-E statement you received from your loan servicer.
04
Move on to Box 2, which requires the lender's identifying number. This could be their Social Security number, Employer Identification Number (EIN), or other tax identification number.
05
In Box 3, you will indicate whether or not you received payments on a qualified student loan. Check the appropriate box that corresponds to your situation.
06
Finally, review all the information you have entered to ensure its accuracy. Double-check the spelling of names and the correctness of numbers. Any mistakes could lead to issues with the IRS.

Who Needs Form 1098-E Student Loan:

01
Individuals who paid interest on a qualified student loan throughout the tax year will generally need to file Form 1098-E.
02
Borrowers who have made payments towards their student loans and have paid an amount exceeding $600 in interest will receive a 1098-E statement from their loan servicer. This statement is used for filing taxes and should be included when reporting student loan-related interest.
03
It is important to note that only the primary borrower listed on the loan should receive the Form 1098-E. If you have joint borrowers or co-signers on the loan, they will not receive their own copy of the form.
04
Additionally, the form may be needed for individuals who are claiming qualified education expenses as deductions or credits on their tax return.
Remember, it is always a good idea to consult with a tax professional or advisor if you have any questions or concerns about filling out Form 1098-E or any other tax-related matters.
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Form 1098-E is used to report student loan interest of $600 or more received by an individual during the year.
Lenders who received student loan interest payments of $600 or more from a borrower during the year are required to file Form 1098-E.
Fill out the borrower's name, address, and social security number, as well as the interest received and any refund of overpaid interest.
The purpose of Form 1098-E is to report the amount of student loan interest paid by the borrower that may be deductible on their tax return.
Form 1098-E must report the borrower's identifying information, the amount of student loan interest received, and any refund of overpaid interest.
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