Question

1098T need to change

Forum|Forum|6 years ago
February 9, 2020
1 reply
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I am using Turbo tax deluxe CD. But it appears that the school recorded the grant as income in 1098T Box 1 and listed it again in Box 5. So, I need to make a change to what I had entered. However, I am unable to go back and change my 1098T entries. If I use search it just goes back to a screen where there is no way to make a change to box 1. Any help please?

CatinaT1

If you think your 1098-T is incorrect, you will want the school to issue a corrected form. Copies of these forms go to the IRS, so you want what you are entering to match what the IRS receives.

Additionally, box 1 of your 1098-T is not income but tuition paid/received by the school. Box 5 is the amount of grants and scholarships received by the student.

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T

tuxAuthor

I did a search elsewhere and it says that if the 1098T you got has the wrong amount to leave Box 1 blank and then click below the link where it asks "if this is not what you paid the school enter the amount here". I was able to enter the right amount.

It appears in Box 1 the school listed the tuition and then subtracted the grant they provided and the loans even though IRS rules seems to suggest that the grant amount should not be subtracted.