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March 27, 2020
Question

What if my 1098 T includes a portion of scholarship funding for the next calendar year? For example 2019 and 2020 is put together in one form?

  • March 27, 2020
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1 reply

March 27, 2020

You will still need to enter your information as reported on your 1098-T Form.

 

However, as you go through your input in the Education credit section, you can make an adjustment in the input to ensure your scholarship income is only being reported against your 2019 education expenses. 

 

You will need to include this amount in scholarship income when you prepare you 2020 Income tax return.

 

Scholarships for a future year

To update your input, do the following:

  1. Go to the Federal section of the program 
  2. Select Deductions & Credits 
  3. Select Expenses and Scholarships (Form 1098-T)
  4. Select Edit to review your information for the 1098-T 

 

Your will the input for this section under the Scholarship tab as indicated below.

 

Input

  

 

 

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