How do I create Form 1098-E?

Creating Form 1098-E

  1. Click on the Payer List button.
  2. Double click on the payer name.
  3. Highlight the recipient to add the form to.
  4. Click on the Add Form button.
  5. Choose 1098-E from the Form Type drop down menu.
  6. 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. 
  7.  Click Save. 
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