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isidore05091944
March 10, 2020
Question

Grant

  • March 10, 2020
  • 2 replies
  • 0 views

My 1098T box 5 indicates it exceeds box 1 by $8365.  So I think that excess should be the taxable amount., but the final result of income tax return is it shows that the taxable amount is box 1.  What am I doing wrong.

    2 replies

    ColeenD3
    ColeenD3
    March 10, 2020

    It is hard to say. You can try to delete the form and re-enter, being careful with each answer.

     

    To Delete a Form

    Open your return in TurboTax. 

    • In the left side bar, select Tax Tools> Tools.
    • In the pop-up window Tool Center, choose Delete a form.
    • Select Delete next to the form/schedule/worksheet and follow the onscreen instructions

     

     

    N
    NCPERSON1
    March 10, 2020

    alternatively, zero out Box 1 and put the $8365 in Box 5.... you should see that same amount appear on line 1 (wages) of form 1040 with the word "SCH" typed in by TT on that line 

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