I go brain-dead trying to read and understand the education deduction literature. Here's my situation: My son is 18 and attends college in another city
His tuition and a portion of his books are paid for with a state scholarship. We took out a student loan to pay for room and board and other living expenses. I received a 1098-E showing student loan interest of $180.00 on a loan of $4,500. I'm assuming the only issue here is where to report the $180.00 on my 1040. Am I thinking correctly and is this $180 a so called qualified expense?