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My son received a correction for 2016. It is removing the
My son received a correction for 2016. It is removing the American tax credit of $1000. He was a full time student in the spring of 2016. We filed on turbo tax. I'm wondering why it was removed. We in… read more
Robin D.
Robin D.
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This is the first year my child who is my dependent received
This is the first year my child who is my dependent received a 1098 T. We tried to get an understanding from the school but could not. This is for 2017. My child was eligible for a pell grant and paid… read more
Barbara
Barbara
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On my 1098-t, the amount is larger box 5 than in box 1. When
on my 1098-t, the amount is larger box 5 than in box 1. When i entered the information on turbo tax, it says that i owe money in federal taxes. when i remove my 1098t info, i owe $0 . So do i need/hav… read more
Barbara
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How much do u charge. I need to know a price please.
Question regarding a 1098 t. Tuiton billed In december scholarships paid in January. Using the filled in boxes as is makes it look like 3500 of income because spring semester was billed in december. All the scholarship money paid tuition straight to the school. We realized no income from it. How do I show this. She graduated in december so there are no billings for 2018. We have account print out from school that shows all paid tuition.… read more
ABC Accounting Group
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Navy. The Navy paid to send me to the College of & for an
I am Active Duty Navy. The Navy paid to send me to the College of William & Mary for an MBA, which is non-taxable. The Business School covered the difference between what the Navy paid and the total t… read more
Dr. Fiona Chen
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Im trying to figure out why my wife isnt getting the
im trying to figure out why my wife isnt getting the american opportunities tax credit … read more
LEV
LEV
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I apologize for length, but need to explain facts enough in
I apologize for length, but need to explain facts enough in order to get my questions answered. Twin daughters turned 18 last Aug. I got child support of $2000/month through Aug 2016. Aside from the C… read more
emc011075
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Form 1098-T (tax year 2013) reports $0 in box 2 and
Form 1098-T (tax year 2013) reports $0 in box 2 and substantial amount in box 5. This is due to timing of billing. Billing is done in Dec of previous year for Spring term and scholarships paid in Jan … read more
NPVAdvisor
NPVAdvisor
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I got a 1042-S form fellowship from the school(SUNY-Buffalo)
I got a 1042-S form for a fellowship from the school(SUNY-Buffalo) but am a resident alien (foreign student from Taiwan studying and living in the US for more than 5 years). I am a MA resident. After … read more
Robin D.
Robin D.
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My child received scholarship funding in excess of expenses
My child received scholarship funding in excess of expenses for her final undergrad term - box 5 was greater than box 1 on the 1098-T (university did not combine fall and spring semesters for 1098T - … read more
CFEPro789
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Hi I am a graduate student at CUA and I dont understand very
Hi I am a graduate student at CUA and I don't understand very well my 1098-T form. 1. What is the $12,128 in "Non-gift aid payment" on the 1098T? Is that my loan? 2. What is the $18,160 of scholarship… read more
fastfile
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My daughter received a 1098T for 2012 listing $10,375 in box
My daughter received a 1098T for 2012 listing $10,375 in box 5 as her scholarship or grant but with nothing listed in boxes 1 or 2 for "payments received for qualified tuition" or "amounts billed for … read more
LEV
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Hi, My daughter attended a college full time since Fall 2010.
Hi, My daughter attended a college full time since Fall 2010. For Spring 2012 semester, she transferred to a different university for full-time attendance. She could not register for clasees at the ne… read more
Jax Tax
Jax Tax
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Master's Degree
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This is kind of a question, but I am wondering about paying
Hi! This is kind of a long question, but I am wondering about paying taxes on Pell Grants. It was explained to me that you ONLY had to pay tax on Pell Grant monies received that were OVER your qualifi… read more
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I am working on filing my return on Turbo Tax, and filling
I am working on filing my return on Turbo Tax, and filling in information about my 1098-T form from my school. They ask for the amount in box 2, which is the amounts billed for tuition, and that amoun… read more
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My daughter has the Florida bright fuures scholarship which
My daughter has the Florida bright fuures scholarship which she uses to pay her housing and the Florida pre-paid that we bought 20 years ago that pays about 3/4 of her tution. I was told the bright fu… read more
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I recieved a 1098-t form that had an amount of $1815 in box
I recieved a 1098-t form that had an amount of $1815 in box 2 but then in box 5, scholarships or grants, it listed $3100. The $3100 is from a student loan, not a scholarship or grant, and when I am en… read more
Wendy Reed
Wendy Reed
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My daughter received a 1098-T for her grants received to ...
My daughter received a 1098-T for her grants received to attend college and we claimed it as income. Is this taxable or if not why was this 1098 issued and furnished to the IRS.… read more
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