Reviewing my 2022 return (Deluxe desktop) to prepare for 23 return, noticed that amounts I entered for kids' 1098T are blank, but the school info is still there. Why?

Forum|Forum|2 years ago
March 5, 2024
1 reply
0 views

[Goal was to see how I answered all the questions regarding 1098T last year to help with this year's 1098T questions.

TurboTax Online

Best answer by DawnC

Thanks DawnC. Would you please confirm/correct what I think you are saying:

1. If I use the 2022 software and use my 22 .tax file, I should be able to see all the 1098-T info I entered when I prepared my 22 return.

2. If I import the 22 .tax file into the 2023 software to get a head start on my 23 return, none of the 1098-T information will be imported (not even that there were 1098-T forms used in 22?) because no 1098-T info is saved in the .tax file.

Here is my reality:

In situation 1., I see the university information but no amounts. Sounds like this is not expected behavior.

In situation 2., 2023 software shows nothing related to 22 1098-T forms, not even any knowledge that 22 return included 1098-T forms. Sounds like this is expected behavior.

1.) only if there is an education credit on Schedule 3, Line 3.

2.) correct

Is Form 8863 part of your 2022 e-filed tax return? If it is, the 1098-T amounts are included in the filed return. If there is no Form 8863 (no amount on Sched 3, Line 3), there was no 1098-T data filed with your return. You may see an empty form when viewing the return in the 2022 software.

If you have education credits (form 8863) on your 2022 return, the 1098-T data that was used to calculate the credit has to be there. Any 1098-T that wasn't used to calculate your education credit would not be included in your e-filed return, and that 1098-T would not transfer to next year.

The help article references only Form 1099 (not 1098) payers information, so the 1098-T payer information doesn't automatically transfer in with the previous year tax file.

JotikaT2

Generally, information related to tuition can vary from year to year. This in turn affects the type of education credit that can be claimed on your tax return.

The credits can also vary depending upon how many years the education credit was claimed. For example, the American Opportunity credit only applies for the first 4 years of college while studying to get a degree. The Lifetime Learning Credit has no limit on the number of years it can be claimed.

Therefore, while the institution information may remain, the remaining information is cleared so you can provide the most recent information applicable to the latest tax year for each child. This helps to ensure you are given the credit that is allowable and applicable to your tax return based upon current information.

Please see this link as well for additional information on qualified education expenses that can also be claimed on your tax return in order to compute the applicable education credit.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

girishapteAuthor

My question is not tax-related; it is product-related: Why did some information (Box 1 and 5 amounts) in 2022 1098-T not get saved in Deluxe desktop whereas school information (name, address, filer's federal id) was saved?

If someone viewing my question used 2022 Deluxe desktop AND included a 1098-T for a dependant, would appreciate if you would open the desktop app and see if the amounts of the 1098-T are present.