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February 15, 2021
Question

I paid more then what is on the 1098-T form for my daughters college tuition do I only get to claim a certain amount or should I get it corrected?

  • February 15, 2021
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1 reply

Hal_Al
Employee
February 15, 2021

Forget about trying to get it corrected.  The school will, most likely, just blow you off.

 

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. 

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)

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.