Question

If I filed my 2017 tax return and then received my 1098T after, can I file this years 1098T from my school as well as last years?

Forum|Forum|7 years ago
June 4, 2019
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where in the 1040x can you indicate the 1098t? I also filed my taxes and then received my 1098t but I can't fine where in the 1040x form to include education.

Also, I have to amend 2016,2015,2014 as I just received the physical copies of 1098t. I understand this means I have to fill out a 1040x for every fiscal year.

Carl11_2

Employee

There is no place on the 1040-X specifically and explicitly for the 1098-T. You have to go through the amending process, which you can't do with your 2017 tax return until Feb 8th or after, when TurboTax makes the amending function available.
Basically, to amend a prior year return you have to purchase and installed the desktop version of the program for each year you wish to amend. You also have to place the .tax20nn file (where "nn" is the last two digits of the file for the specific year you need to amend) in the documents\turbotax directory. Then you start the program and click the AMEND button before you open the tax return.
Also, my bet is that if you were an undergraduate for those years, it's your parents that should be claiming you as a dependent, as well as claiming all the education stuff. Chances are high that if you claim it on your return, it will make no difference in your tax liability. Generally an undergraduate does not qualify to claim the self-exemption, and does not qualify for anything even close to the education credits the parent's qualify for. So you may find you're wasting your time, and it very well may cost you more (for the software for each year) than you could even hope to get back as additional refund for each year. (Assuming you get any additional refund at all, that is.)

Carl11_2

Employee

No, you can't do that. The 1098-T has to be reported on the tax return of the tax year for which that 1098-T was issued. If you want to report/claim your 2016 1098-T, then you have to amend your 2016 tax return.
If you have already e-filed your 2017 tax return and now you want to claim your 2017 1098-T, then the below will apply to you directly for the 2017 taxes.

Already E-Filed and Need To Change

If you have already E-filed your tax return and need to make a change for any reason, then you have no choice but to wait until the IRS processes your E-filed return. If the IRS rejects your E-filed return, then you can just make the necessary changes and resubmit it.

If the IRS accepts your E-filed return, then you must WAIT until the IRS has processed your return. If you have a refund due your return is not processed until you have received your refund. If you owe taxes, your refund is not processed until you have paid those taxes and your payment has cleared your financial institution. Once processing is complete, you will need to file an amended return. You can not e-file an amended return. The IRS says you can’t. You have to print it, sign it (both the 1040 and 1040X) and physically mail it to the IRS.

If your E-Filed return is pending, and you change anything on your copy of your return, then you are guaranteed to have major issues with correcting or amending it later. So for your own sanity, do not touch anything until it’s time, as clarified above.

An amended return must be printed, signed and mailed. The IRS says so.

If my return is accepted, why do I have to wait for my refund before I can amend it?

Just because the IRS has accepted your return, does not mean that they agree with it. Sometimes, the IRS will “catch” your error (or some other error you don’t know about) and go ahead and correct it for you. You’ll know that when your refund is not what you expected. So you have to wait for the refund. If that happens to you, then you will receive a letter 3-4 weeks after you receive your refund, explaining what was changed, why it was changed, and with instructions on what actions to take if your dispute the change. If you receive such a letter, post in this forum with the details (without including personal information) and we'll try to help you get your copy of the return in agreement with the IRS changes, so you won't have issues importing next year.