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I have a last minute tax question. My son received an
Hello, I have a last minute tax question. My son received an athletic scholarship for first semester of 2018. We received a 1098-T, and in box 1, the amount was $150.00, but in box 5, the amount is $1… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,696 satisfied customers
My daughter received a form 1098-t. It only has an amount in
My daughter received a form 1098-t. It only has an amount in Box 5 Scholarships and Grants. I claim her as a dependent on my taxes. Do I have to enter this on my taxes? … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,696 satisfied customers
I was excluded from getting a 1098-T because the number in
Hello, I was excluded from getting a 1098-T because the number in Box 5 was more than the number in Box 1. I was just wondering if I still have to report my scholarship money? I already reported my tu… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,696 satisfied customers
Scholarship or grant exceeding tuition payment Taxpayer (the
Scholarship or grant exceeding tuition paymentHi RogerTaxpayer (the student) is claimed by his parents as dependent. He receive the attach from his school. I notice that Box 5 of Form 1098-T scholarsh… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,641 satisfied customers
Received a 1098-T and only an amount is listed under box 5
Received a 1098-T and only an amount is listed under box 5 "scholarships or grants". What needs to be done with this. Is it taxable income?… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,696 satisfied customers
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
Enrolled Agent, Paralegal
10,660 satisfied customers
Question about a parent claiming as a dependent a student
Question about a parent claiming as a dependent a student son in college who received a 1098-T. Scholarships in box 5 of the 1098-T exceed Box 1 payments by about $3000. The son didn't work at all in … read more
Carter McBride
Carter McBride
LLM
3,231 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
16,641 satisfied customers
where do I get the amount actually paid to the school if it's
where do I get the amount actually paid to the school if it's different than box 2 of 1098-T? I have the statement of account. Can the amount be thousands of dollars different?… read more
Mark D
Mark D
Enrolled Agent
Master's Degree
1,338 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 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
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
17,888 satisfied customers
My school sent me a 1098-T that shows box 5 at $18,884.
My school sent me a 1098-T that shows box 5 at $18,884. There was no way I received that in grants or scholarships so I checked my school account. Grants/Scholarships totaled only $9832 that was credi… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,696 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 son received a scholarship. What part is taxable On
My son received a scholarship. What part is taxable? On the 1098-T there are two different amounts for box 2 and box 5? Some of it is for the 2010 calender year. Is only part of the scholarship consid… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,696 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
17,888 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
3,136 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
40,696 satisfied customers
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