2023 1098-T box 7 checked

Forum|Forum|1 year ago
February 10, 2025
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I finished school in 2024 and did not receive a 1098-T. I saw that my 2023 1098-T had box 7 checked meaning it included payments from 2024. How do i go about filing taxes. I included it in my return and am getting credit for the lifelong learning credit but don't want to be credited twice since it was included in 2023 tax return

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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.

If you made payments in 2024, and did not count those payments on your 2023 tax return, you may claim the tuition credit on your 2024 tax return. After answering no to the question "did you receive a 1098-T," answer yes to the question "do you qualify for an exception" (you do). You may not count 2024 expenses that were actually paid in 2023, even if you didn't claim them, already, on your 2023 tax return.

lola2185Author

For the year 2024 I paid $700 for tuition and fees, this amount was included on my 2023 1098-T. when I answer that I did not receive a 2024 1098-T do I put the 710 for amount even if its included on my 2023 1098-T or do i just not include my student status at all.