1098-T Box 1: there's an option on TurboTax "This is not what I paid to this school"Since the school paid that amount for grad students, should I check the option?

Forum|Forum|4 years ago
February 15, 2022
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Best answer by MinhT1

Yes, the tuition not paid out of pocket should not be reported in Box 1 of form 1098-T. So yes, check that option and enter the correct amount amount of out-of-pocket tuition.

MinhT1Answer

Yes, the tuition not paid out of pocket should not be reported in Box 1 of form 1098-T. So yes, check that option and enter the correct amount amount of out-of-pocket tuition.

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Hal_Al

Employee

The 1098-T is only an informational document. The numbers on it are not required to be entered onto your tax return. However receipt of a 1098-T frequently means you are either eligible for a tuition credit or possibly your student has taxable scholarship income.

If you claim the tuition credit, you do need to report that you got one or that you qualify for an exception (the TurboTax interview will handle this)

You claim the tuition credit, or report scholarship income, based on your own financial records, not the 1098-T. In the 1098-T screen, click on the link "What if this is not what I paid the school" underneath box 1. You will then be able to enter the actual amounts paid. You will also reach a screen that allows you to adjust the scholarship amount for "amounts not awarded for 2021 expenses".