DIY Products

DIY Products

Whether you’re an experienced do-it-yourselfer or doing your own taxes for the first time, this is your place to learn and share. Here you’ll find information and resources for using H&R Block’s online and software DIY solutions. You’ll also find links to more information to assist you on your DIY journey.

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Pioneer
Posts: 2
Registered: ‎02-02-2015

how can i claim my 1098 E interest paid

how can i get the money for the interest i paid from my 1098 E form? I am still a dependent on my parents taxes this year but i have been paying my student loans, not them. But it wont let me claim anything from my 1098 E form since i am a dependent.

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Associate (Pioneer)
Posts: 12
Registered: ‎08-19-2014

Re: how can i claim my 1098 E interest paid

Hi there,

 

If you are being claimed as a dependent by your parents, you cannot deduct the student loan interest. This is per IRS rules. See page 30 of IRS Publication 970 - http://www.irs.gov/pub/irs-pdf/p970.pdf

 

Sorry for the bad news!
Andy