Question:
I paid student loan for Citi Bank in 2005. The loan was take out for undergraduate education . But right now, I am not in college. It is Undergraduate student loan( like personal loan with higher interest rate around 7.5 %) . The loan was used for education 2001-2000. Citi bank student loan corporation didn't report this loan to IRS and don't provide 1098-E.

They said that i have to fill out the special form to report to the IRS . I can calculate from my statements how much I have paid . Can I still deduct ? I paid around $1000 dollars for interest last year . Which is the best way to deduct this interest paid on educational loan for the best tax advantage? The loan is still being paid now . How can I deduct Interest , I paid last year in 2005 tax returns? Which section of 1040, I can use ?

Answer:
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