Where does the info from 1098 T show on the 1040?

Forum|Forum|2 years ago
February 21, 2024
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What line on the 1040 shows the info from the 1098?

TurboTax Deluxe Online

DawnC

Employee

There is no line on Form 1040 that will show the info from your 1098-T. If you received an education credit, it would be on Line 3 of Schedule 3. The total of the credits on Schedule 3 can be found on Line 20 of Form 1040. The amounts from the 1098-T will be part of Form 8863.

Education Credits

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Hal_Al

Employee

Q Where (what line) does the info from 1098 T show on the 1040?

A. The numbers on the 1098-T don't show on the 1040. The numbers on the 1098-T are use to calculate a tuition credit, or sometimes to calculate taxable scholarship. The calculations are done on form 8863.

If a credit is calculated, the non refundable portion goes on line 3 of Schedule 3, then Line 20 of Form 1040. The refundable portion goes on line 29 of form 1040 (the American Opportunity Credit usually comes in 2 pieces).

If taxable scholarship is calculated, it goes on line 8r of Schedule 1, then line 8 of form 1040.