Creating Form 1098-E
- Click on the Payer List button.
- Double click on the payer name.
- Highlight the recipient to add the form to.
- Click on the Add Form button.
- Choose 1098-E from the Form Type drop down menu.
- Fill in the necessary fields on the form:
- Corrected: Check this box if it applies.
- Student loan interest received by lender: Total interest received from an individual student loan of $600 or more during the year in the course of trade or business.
- Box 1 does NOT include loan origination fees and/or capitalized interest, and the loan was made before September 1, 2004 (if checked): Check this box if it applies.
- Account Number: A number assigned to recipient by the payer. This field is optional except for the following cases:
- The recipient has multiple returns for the same return type.
- The returns are filed using the E-file Center.
- Click Save.