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Computer is fine-need to talk to someone as my tax info is
computer is fine-need to talk to someone as my tax info is not correct-need to add form 1098 to my return … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,606 satisfied customers
TURBO TAX SAYS THE IRS OWES ME 1000$ FOR 2016. THEY SAID
TURBO TAX SAYS THE IRS OWES ME 1000$ FOR 2016. THEY SAID THIS IN FEB1 . IN AUG8TH I RECIEVED A FORM FROM IRS SAYING MY SCHOOL HAD NOT SENT A 1098T NOT TRUE BUT IT SAID SCHOLARSHIPS AND GRANTS INSTEAD … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
3,289 satisfied customers
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
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
3,289 satisfied customers
I NEED SOME HELP IN FIGURING THIS OUT.. I RECEIVED A FORM
I NEED SOME HELP IN FIGURING THIS OUT.. I RECEIVED A FORM 1099-Q FROM AMERICAN FUNDS THERE ARE THREE ACCOUNTS FIRST ACCOUNT BOX 1 GROSS DISTRIBUTION $6094.00 BOX 2 EARNINGS $1493.27 BOX 3 Basis $4600.… read more
PDtax
PDtax
Owner
Master's Degree
4,306 satisfied customers
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
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,606 satisfied customers
! I was in school part-time and working full time in
Hello! I was in school part-time and working full time in 2014. I paid my tuition in full each semester. I received my 1098-T from the school and box 1 was blank. box 2 had the amount that was billed … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Are we required / obligated to use our son's 1098-T form on
Are we required / obligated to use our son's 1098-T form on our tax return if we claim him as a dependent and are we required to use the 1098-T information on has tax return if we do not claim him? My… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
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
CFEPro789
Fraud Analyst
Master's Degree
369 satisfied customers
for 2013 form 1098-T there is in box #2 $13,016 for amounts
for 2013 form 1098-T there is in box #2 $13,016 for amounts billed for qualifiec tuitioni and related expenses. In box #5 there is an amount of $19,165. That looks like potential income of $6,149. The… read more
BK-CPA
BK-CPA
Bachelor's Degree
919 satisfied customers
I have a couple questions regarding 529 distributions for college
I have a couple questions regarding 529 distributions for college expenses. First question is does the 1099-Q and 1098-T information go on the beneficary return or the parents if they are still claimi… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
3,289 satisfied customers
Two dependents, both attended local university during 2013,
Two dependents, both attended local university during 2013, both full time students - Received 1099-Q's in their name. The 1099-Q's are from a state guaranteed tuition program. I Have 1098-T's in thei… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,814 satisfied customers
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
Senior Tax Attorney
Master's Degree
1,394 satisfied customers
My daughter is a full-time undergraduate college student.
My daughter is a full-time undergraduate college student. She has a 2011 W-2 showing: 1.Wages, Tips, Other Compensation in the amount of $1,550. She had $32.15 withheld for Federal Tax and $15.10 with… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
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
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,814 satisfied customers
I started the year as an undergraduate student and ended it
I started the year as an undergraduate student and ended it as a graduate student. Do I file as a graduate student or can I file as an undergraduate student?… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
6,636 satisfied customers
Im looking at education credit 8863 and wondering if the amount
I'm looking at education credit 8863 and wondering if the amount reported on the tuition statement form 1098-T box 2 is what I should use, or box 2 (amounts billed for qualified tuition) LESS box 5 (s… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
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
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,197 satisfied customers
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
Master Tax Advisor Enrolled Agent
Master's Degree
3,197 satisfied customers
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