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Question

1098T - fellowship pays tuition directly to school. It is for advancement of my work, independent contractor, can I deduct as an expense as I am taxed on it?

Forum|Forum|5 years ago
February 11, 2021
1 reply
0 views

On fellowship for degree. Receive stipend and tuition paid. Tuition included in box 1 and 5 on 1098T; tuition paid directly to school yet I am taxed on it. Can I deduct as an expense from self-employment as education is related directly to my profession?

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How are you taxed on it? If the amount in box 5 and box 1 are the same, then the box 5 amount is tax free because it was used for qualified expenses (the tuition in box 1).

So, no, you cannot deduct the tuition as a business expense.