I had Fall 2020 classes that i paid for late, in January 2021 however it was billed in September of 2020. It is not included on my 1098-T can I still include it?

Forum|Forum|5 years ago
February 11, 2021
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Best answer by Hal_Al

Q. Can I still include it on my 2020 tax return?

A. No, because it wasn't paid in 2020.

It's a double whammy. Technically, you will also not be able to claim it on your 2021 tax return, because the payment was not for 2021 courses. The money will most likely not show in box 1 of the 2021 1098-T.

For others reading this, you are allowed to claim, on your 2020 return, money you paid in 2020, for first term of 2021. But not money you paid in 2021 for 2020. It ain't fair, but that's the rules

Hal_AlAnswer

Employee

Q. Can I still include it on my 2020 tax return?

A. No, because it wasn't paid in 2020.

For others reading this, you are allowed to claim, on your 2020 return, money you paid in 2020, for first term of 2021. But not money you paid in 2021 for 2020. It ain't fair, but that's the rules

aelfa001Author

@Hal_Al I understand this, but can claim money paid for school for the period between January-March 2021 correct?

Another Q can I add this number and say the 1098-T is incorrect? Or I have to get the 1098-T from school first?

Thank you

ReneeM7122

No, you can't alter the 1099-T form. This could trigger an IRS audit because they will look to see that your information matches the information that was sent by the school.

You must enter all of the information exactly as it appears on the 1098. It isn't important whether the tuition was paid in advance.