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This article provides an overview of how to complete Form 1098-T. |
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About Form 1098-T
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Taxpayers should receive Form 1098-T if they were enrolled with an eligible educational institution.
Form 1098-T reports tuition paid by the student and scholarships/grants the student received for a tax period.
If students disagree with the amounts on their Form 1098-T they should consult their educational institution.
A 1098-T issued to a student that will be a dependent of another, will be claimed by their guardian if their payments (box 1), exceed their scholarships/grants (box 5). If scholarships/grants exceed payments then the student will claim the 1098-T.
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In a typical year with no extensions, Form 1098-T should be made available to students by January 31st, and must be filed with the IRS by February 28th.
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Completing Form 1098-T
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Select Add Form.
Begin by typing 
Locate and highlight Form 1098-T , into the search bar at the bottom of the in the All Forms and & Schedules Menu. Select Form 1098-T. Double-click to add the form.
Complete the 1098-T, filling in all applicable sections.
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Entering Form 1098-T will generate the 8863-Part III if box 1 (payments) is greater than box 5 (scholarships and grants). |
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Related Articles Form 8863 Part III Education Credits (American Opportunity and Lifetime Learning Credits) |
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