TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Community

Question

Form 1098-T Box 5 exceeds Box 1 (other boxes empty). This difference was taxed, but I used some of it for education expenses (required for school) - do I provide proof?

Forum|Forum|5 years ago
March 14, 2021
1 reply
0 views

No text available

TurboTax Free Edition Online

You will not need to provide proof to the IRS unless they contact you and ask for proof. Adjust your numbers on your return so that you are being taxed only on the amount that exceeds your qualified expenses. Use your financial records and keep those records in case you need to provide any proof to the IRS.

Where do I enter Form 1098-T?

obsessedramaAuthor

Hi,

Thank you for the information!

So is it correct that enrollment fees I paid for this semester (started Jan. 2021) can be listed as qualified education expense and adjusted before I file the difference between Box 5 and Box 1 on my federal tax?

Employee

Q. So is it correct that enrollment fees I paid for this semester (started Jan. 2021) can be listed as qualified education expense?

A. Yes, but only if you paid it in 2020.