1098-T box 1 empty

Forum|Forum|5 years ago
February 1, 2021
1 reply
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So my husband went to school for one semester in 2020 and didnt go in 2019. But he recieved a 1098-T for 2020 but box 1 is empty. He receives financial aid but shouldnt there still be an amount charged or payments made to the school. I was on financial aid in college in 2019 and always had a value in 1 and i didnt pay out of pocket?

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linaj20201

If he paid any qualified education expenses like tuition and books, the school should have reported the amount in box 1 on the Form 1098-T. If he received financial aid that covered all his expenses, the school might have an option not to report it. This explains why it's showing blank in box 1.

If the financial aid covers all his qualified education expenses, he will not qualify for any education tax breaks. However, if his financial aid only covers part of it, then he may qualify a partial education tax break. I will suggest you to enter his information in the program and let the program confirms if he will receive any tax break. You can also contact the school to verify. Here are the steps:

Sign in to your account, select Pick up where you left off
At the right upper corner, in the search box, type in "1098t" and Enter
Select Jump to 1098t
Follow prompts

As far as your situation, the same rules apply to. If you did not pay anything out of pocket, you do not need to enter the Form 1098-T.

TASHASAKURAAuthor

Employee

I dont enter the form 1098-T for taxes like not report because it asks for me to file it?

linaj20201

If you did not pay any qualified education expenses like tuition and books, you do not qualify for the any education tax break. You do not need to report it on your taxes. You can skip the question and the Form 1098-T section.