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This article provides an overview of how to add 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.ℹ️ In a typical year with no extensions,
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Completing Form 1098-T
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Select Add Form.
Locate and select highlight Form 1098-T in the All Forms & Schedules Menu. 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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