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1098-T: Amend Tax Return?

My son filed the 1098-T in 2018 but didn't get credit because he didn't make enough money. I should have filed it but didn't. If I had used it, I would have gotten credit and a larger refund. Do we both need to amend our returns or just me?

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5 Replies
MarilynG1
Expert Alumni

1098-T: Amend Tax Return?

If your son's 1098-T for 2018 qualified you for an Education Credit (Box 1 amount larger than Box 5 amount), and you claimed him as your Dependent, you should Amend your 2018 return.

 

If he was not your Dependent in 2018, you wouldn't be able to claim his Education Expenses.

 

If you do Amend your 2018 Return to include the 1098-T, he does not have to amend his return also, since he didn't receive any credit and you were actually eligible to claim it on your return.

 

Click the link for detailed info on How to Amend a 2018 Return.

 

 

[Edited 2/7/2020 9:27 pm]

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1098-T: Amend Tax Return?

I filed my daughters tax return and i believe I entered the 1098t under her name.  I should have claimed under mine.  Do I need to amend hers?  I haven't filed yet. Her tax return states that she is claimed as a dependent on another tax return so I didn't know if it booted it out.

KarenM90
Intuit Alumni

1098-T: Amend Tax Return?

If she qualifies as a dependent on your return, you are entitled to any tuition benefits (credits or deductions) on your return, so you should add the 1098T to your return.

 

You will need to amend her return if she received any benefit (credit or deduction) from having the tuition reported on her return.  If you used TurboTax  to prepare her return, the easiest way to determine that would be to start the Amend process on her return and delete that 1098T.  If it doesn't change anything, you don't need to finish the amendment.  If it does, you will need to finish the amendment.

 

Here is some more detailed information about amending returns in TurboTax: 

 

 

To Amend your return in Turbo Tax Online follow these steps:

 

1.  Sign in to your Turbo Tax Account

2.  Scroll down to  Your tax returns and documents and select Amend (change) 2019 return, then Amend using Turbo Tax Online.

3.  Select the reason you are amending and Continue

4.  Answer the questions about your Federal return, (there may be no changes) then begin amending your State return when it says "Lets get started on your state taxes...."

 

To Amend your return in Turbo Tax Desktop;

 

1.  Open your tax file you need to amend and select Online and Check for Updates.  

2.  Go to the Federal Taxes tab (or the Personal Tab, if you are using Home & Business) and select the Other Tax Situations Tab.

3.  Scroll down to Other Tax Forms and Select Start next to Amend a return.

4.  Answer the appropriate questions for the State and Federal Returns.  

 

 

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mdewyse3
New Member

1098-T: Amend Tax Return?

I was unaware of my 1098-t forms from my college until just now, so I have not filed any from 2017,2018, 2019, or 2020. I am claimed as a dependent by my parents, and only two of the four years is box 5 greater than box 1, do my parents need to amend their taxes, or do I? Or both of us? 

 

ColeenD3
Expert Alumni

1098-T: Amend Tax Return?

If you were a dependent, then they need to amend. 

 

Looking for a prior year return? Go here. 

You can amend e-filed returns if they've been accepted; paper-filed returns may be amended once they've been mailed.

If your e-file is still pending, you won't be able to make changes until the IRS either accepts or rejects it. Don't know your e-file status? Here's how to look it up.

Select your tax year for amending instructions:

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