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April 7, 2022
Question

Hello, I received a 2021 1098-T tuition statement. It has an amount in its box 4. adjustments for a prior year. Where this amount should go in the tax return?

  • April 7, 2022
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1 reply

Hal_Al
Employee
April 7, 2022

You have to know what it was for and adjust accordingly. It usually doesn't affect your current year tax return. But you (or your parents) may have to file an amended return for a previous year.

 

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. You claim the tuition credit, or report scholarship income, based on your own financial records, not the 1098-T.