I have 2 different student loan interest forms, which one do i use on my 2007 tax return?

I took out a couple of student loans back in the 80's and just stopped paying on it, until last year(2007). I am in compliance now, and i started getting a tax return finally in 2006. Here is the deal, i was sent a letter from the state of New Jersey, it's titled student loan interest statement, form 1098 E, which shows the student loan interest received on the Defaulted FFELP loans was $3973.72.next to s box marked 1, box 2 is empty. Below box 1 it says shows the interest received by HESAA during the year on one or more student loans made to me. I also received a form labled form 1098 E( which looks like a w2 and is labled student loan interest statement, this is from the US dept. of education, located in Greenville Tx.( i guess this is where my 125.00 is being sent to . That amount is 476.14, and is titled student loan interest received by lender. I am confused, which amount should i use?, the smaller, the larger or both amounts combined. Please someone help me out.


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I have 2 different student loan interest forms, which one do i use on my 2007 tax return?
Add the two together to claim the total interest you paid during the tax year 2007.
Reply:Ordinarily I'd say add them together. But then you mention your $125, which doesn't track with the larger one. Did you make some kind of large lump sum payment also, maybe by getting a tax refund taken? If so, then add them together. If all you have paid is $125 a month then something is wrong with the large one.
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