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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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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
Dr. Fiona Chen
President
Ph.D.
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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
emc011075
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I have some questions about form 1098-T. I am filling out my
Hi Pearl. I have some questions about form 1098-T. I am filling out my tax return (mom). My sons both got form 1098-T. They are both degree seeking undergraduate students at a State University. … read more
Stephen G.
Stephen G.
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Wendy, I am reading the conversation regarding 1099Q with Customer
Wendy, I am reading the conversation regarding 1099Q with Customer and I am still confused. My daughter, whom we had purchased the Texas Tomorrow Fund years ago is now receiving the payments for her T… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,586 satisfied customers
My daughter graduated in May 2012. We paid her tuition bill
My daughter graduated in May 2012. We paid her tuition bill for the spring semester in December 2011. Her 2012 1098-T shows the amount of her scholarship in box 5, but there is no billed amount in box… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,267 satisfied customers
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
Lev
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Bachelor's Degree Equivalent
34,267 satisfied customers
I have a form 1098-T. Box 2 is $7741.25. Box 5 is $15,000.
I have a form 1098-T. Box 2 is $7741.25. Box 5 is $15,000. What do I do with these two amounts on the Form 1040?… read more
winktax
winktax
Enrolled Agent
Master's Degree
425 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 graduated in May 2011 last year after getting
My daughter graduated in May 2011 last year after getting two degrees from a qualified university. I had claimed American Opportunity Credit for 2 years for her and the Hope Credit for another 2 years… read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
3,104 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
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
rramsook
rramsook
President/Owner
Bachelor's Degree
305 satisfied customers
My daughter goes to Kansas University. I got a form 1098-T
My daughter goes to Kansas University. I got a form 1098-T from KU for tax year 2010...are subsidized and unsubsidized direct loan payments to KU tax deductible for year 2010? I know cash payments are… read more
Stephanie B.
Stephanie B.
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Master's Degree
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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.
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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 am married with a household income of only $58,000. In 2009
I am married with a household income of only $58,000. In 2009 I had two children in college full time. They both received scholarships and grants (Pell, SEOG, Missouri Access, etc) that pretty much co… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,267 satisfied customers
(1) If I am filing as Head Of Household and my (dependent) ...
(1) If I am filing as Head Of Household and my (dependent) child receives a grant from the university do i have to enter that grant on my return if I claim the money I spent on her tuition and books?3… read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
1,663 satisfied customers
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
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,267 satisfied customers
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