Get Irs 1098-e 2020

Filling out the IRS 1098-E form online is essential for reporting student loan interest, which you may be eligible to deduct when filing your taxes. This guide provides clear instructions on how to complete each section of the form for a smooth filing process.

Follow the steps to accurately fill out the IRS 1098-E form.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Enter the recipient's/lender's name, street address, city or town, state or province, country, ZIP or foreign postal code, and telephone number in the appropriate fields.
3. Input the recipient’s taxpayer identification number (TIN) and the borrower’s TIN, ensuring accuracy to avoid issues during processing.
4. In box 1, include the total amount of student loan interest received by the lender during the year. This amount is necessary for accurate tax reporting.
5. Indicate whether box 1 includes any loan origination fees and/or capitalized interest by checking the corresponding box if applicable. This is specifically for loans made before September 1, 2004.
6. Complete the borrower’s name and provide the street address, ensuring all information is current and accurate.
7. Assign an account number if necessary, which can help distinguish the borrower’s account for reference.
8. Review all entries for accuracy and completeness, then save your changes.
9. Proceed to download, print, or save the form as needed after completing the entries.

Complete your IRS 1098-E form online today to ensure timely and accurate reporting.