Form 1098-E - Entering Student Loan Interest in Program
1
Student loan interest will be reported to you on Form 1098-E, Student Loan Interest Statement. When you report this in the TaxAct program, the information is transferred to Schedule 1 (Form 1040). Follow the steps below to enter information from Form 1098-E.
Online
Dashboard
From within your TaxAct return, click Deductions & Credits.
On smaller devices, click the menu at the top left corner of your screen, then make your selection.
Click the Education drop-down.
Click Add beside Student Loan Interest Paid.
Select the Borrower’s Name, enter the Lender’s Name, and enter the Interest Paid, then click Continue.
You can click Add another student loan, as applicable.
Classic
From within your TaxAct return, click Federal.
On smaller devices, click the menu at the top left corner of your screen, then make your selection.
Click the Education drop-down, then click Student loan interest.
Select the Borrower’s Name, enter the Lender’s Name, and enter the Interest Paid, then click Continue.
You can click Add another student loan, as applicable.
Desktop
From within your TaxAct return, click Federal.
Click the Education drop-down, then click Student loan interest.
Enter the amount paid and click Continue.
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