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January 25, 2025
Question

My son attends at UK university. Will I get a get a 1098-T form? How do I record his expenses?

  • January 25, 2025
  • 2 replies
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    2 replies

    January 25, 2025

    Universities will issue the 1098-T to the student.  If you claim him as a dependent, you may be able to claim the Education credits.  

     

    Follow these instructions to enter the expenses: Where do I enter Form 1098-T (Tuition Statement)?

    Hal_Al
    Employee
    January 26, 2025

    Q. Will I get a get a 1098-T form?

    A. Probably not.  Most foreign schools do not issue them.  But, you don't need it.  In the TurboTax (TT), you can answer that you qualify for an exception. 

     

    But there are bigger issues. First you need to determine if your school is on the Dept. of Education's (DOE) list of eligible institutions. https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/eligible-educational-inst

     

    To claim the more generous American Opportunity Credit (AOC or AOTC), the school must have a US Employer Identification Number (EIN or FEIN). Most don't. 

     You can still claim the Lifetime Learning Credit (LLC) if the foreign school is on Dept. of Education (DE)  list.

     Foreign schools can obtain a EIN and because of this rule, some are starting to do so.