Form 1098E (pay, taxes, reports, account)

[Europeanflava]

Today I received a form 1098E from Indiana University
Northwest.

I recently had a bursar account that went unpaid for
awhile and was only recently cleared off. I did not pay
it off but put in deferment with my student loan.

Is this the reason I received this form.

I have no job so am I even required to file this form.

If I don't file can anything not good happen.

My student loan is in deferment so I shouldn't really be
recieving a tax form for any student loan. Right?

[Gandalara]

Form 1098-E reports interest that you paid during the year on your student loan. This interest is deductible even if you don't itemize deductions.

You must have made payments

[reed303]

If you truly had no income (wages, interest income, etc), and no withholding taxes, then there is nothing to deduct any paid student loan interest from. The 1098-E is just for your info in case you had to otherwise file a tax return and wanted to take the deduction.

[Europeanflava]

The email reads log in and read the form by January 20 2014.



Is it that important and will I receive any consequence if I
don't read it by that time period.

[Europeanflava]

Originally Posted by reed303

If you truly had no income (wages, interest income, etc), and no withholding taxes, then there is nothing to deduct any paid student loan interest from. The 1098-E is just for your info in case you had to otherwise file a tax return and wanted to take the deduction.

Thanks for the information. Very helpful source.