What is Form 1098-E?
Form 1098-E is used to report the interest amount that the taxpayers paid on student loans in a calendar year during a tax year.
Companies use IRS Form 1098-E to report how much the filer paid in interest. The $600 threshold applies to each borrower regardless of the number of student loans obtained by that borrower. Form 1098-E is filled by a financial institution, governmental unit, subsidiary agencies, or educational institution, this may include anyone who may receive an interest in a student loan of $600 or more within the year in the course of their trade school or business.
Register for free to E-file Form 1098-E, 1098-MORT, 1098-F, 1098-Q, 1098-C, and 1098-T with Tax2efile or Call us at 703-229-0326 for assistance on filing your 1098 taxes online.