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    kikko's Avatar
    kikko Posts: 7, Reputation: 1
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    #1

    Feb 10, 2006, 10:24 AM
    Student Loan Interest Deduction
    I have 2 student loans, but interest paid on both are under $600 for the year 2005, so I didn't get any 1098E forms. Do I need any evidence to show the interest I'm claiming for adjustment? Such as pay slips which shows the amount of interest paid?

    Thanks
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    Feb 10, 2006, 10:54 AM
    Kikko:

    If you know the amount of interest you paid and can prove it if audited, claim the interest (assuming your income is low enough to get a benefit from the deduction). Since there is no 1098-E, the IRS may ask for that proof, however, so keep those pay slips you cited.
    kikko's Avatar
    kikko Posts: 7, Reputation: 1
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    #3

    Feb 10, 2006, 11:53 AM
    Should I attach those slips to the return? Thanks
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #4

    Feb 10, 2006, 11:01 PM
    Attaching a photocopy of the slips is a good idea.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #5

    Apr 4, 2011, 01:43 PM
    Alvin:

    You posted an answer to a posting that is FIVE years old.

    LOOK at the dates before answering!
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