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March 26, 2021
Question

For form 1098-T, I selected "this is not what i paid for school". The amount is higher due to my personal and scholarship contribution

  • March 26, 2021
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1 reply

Hal_Al
Employee
March 26, 2021

You are allowed to enter the higher amount.

 

You are allowed to enter the higher amount.

 

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 deduction or possibly your student has taxable scholarship income. 

 

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. 

 

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)