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February 7, 2021
Question

1098-T box 1 amount shows combined payments for tuition and on-campus housing

  • February 7, 2021
  • 1 reply
  • 0 views

How should I handle this situation within Turbotax?  When entering the 1098-T form information in TurboTax, should I reduce the box 1 amount by substracting the payments made for on-campus housing?  Any help would be greatly appreciated. Thanks.

    1 reply

    KrisD15
    February 7, 2021

    Yes, please select "This is not what I paid to the school" under Box 1 on the 1098-T input screen and enter the adjusted number reflecting tuition only. 

     

    Later you may report the room and board if it relevant (to offset a 529 distribution for example). 

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    Hal_Al
    Employee
    February 8, 2021

    You should report this error to the school.  You don't need to to file your taxes.

     

    But that so wrong that it's hard to believe a school would make that kind of mistake.  There may be something else going on here.