2025年3月5日 · Form 1099-Q only needs to be reported on the tax return of the person whose SSN is on the form if the withdrawal is more than the tuition paid in Box 1 of the 1098-T plus other adjusted qualified educational expenses. If the withdrawal and adjusted qualified expenses are more, the earnings on the excess distribution would be taxable income.

2025年2月19日 · On my 2023 1098-T, box 7 was checked, meaning my Spring 2024 tuition was included in 2023’s reported tuition. However, the scholarships and grants for Spring 2024 were NOT included on my 2023 1098-T—instead, they are only showing up on my 2024 1098-T. Because of this, my 2024 1098-T now reflects onl...

2025年1月30日 · No other numbers. You only enter the 1098-T to get TurboTax to check the proper box on form 8863. Lying to TurboTax to get it to do what you want does not constitute lying to the IRS. The 1098-T that you enter in TT is not sent to the IRS. Enter the 1098-T, exactly as received, on the student's return. Enter book and computer expenses separately.

2019年6月4日 · 1098-T High school student With the additional information provided, it seems like he has excess education expenses after what the scholarship covers. ( 144-72) Therefore, he will be able to claim a small amount of the education credit for the $72.

2025年2月8日 · Box 1 almost always includes the following year classes. Please look at Box 7, if Box 7 is checked, then Box 1 on the 1098-T DOES include January 2025 fees. Box 5 (scholarships posted) USUALLY lags behind a year and posts on the next year's 1098-T. If you had a 2023 1098-T (or earlier) please try to match the expenses with the scholarships.

2025年3月4日 · Using an example: Student has $10,000 in box 5 of the 1098-T and $8000 in box 1. At first glance he/she has $2000 of taxable income and nobody can claim the American opportunity credit. But if she reports $6000 as income on her return, the parents can claim $4000 of qualified expenses on their return.

Padres: Si el estudiante indicado en el Formulario 1098-T es tu dependiente, ingresa el Formulario 1098-T entudeclaración, incluso si tu dependiente pagó la matrícula. Estudiantes: si nadie te reclama como dependiente, ingresa el Formulario 1098-T en tu declaración sin importar quién pagó la matrícula, salvo que fuera tu empleador. En ...

2025年2月11日 · The 1098-T is only an informational document. The numbers on it are not required to be entered onto your (or your student's) tax return. However receipt of a 1098-T frequently means you are either eligible for a tuition credit or possibly your student has taxable scholarship income. Here are the four main points on the 1098-T:

1098-T is a post-secondary tuition statement. You should receive your 1098-T by February 15. If you haven't received it by then, contact your college or university. This form includes the total amount of tuition and related fee expenses that you paid to your school during the current tax year. This includes: Student fees; Attendance fees ...

2025年1月27日 · The 1098-T is only an informational document. The numbers on it are not required to be entered onto your tax return. However receipt of a 1098-T frequently means you are either eligible for a tuition credit or possibly your student has taxable scholarship income (in which case the student files it).