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March 4, 2020
Question

Should I still report my 1098 form from College is all my expenses were paid for and had some left over ?

  • March 4, 2020
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1 reply

March 4, 2020

Yes, you should enter the Form 1098-T and the additional required educational expenditures.

 

If your Scholarships and Grants exceed the amount of qualified educational expenses, you will have taxable income which is required to be reported on your return.