Hello,
So, my job Union paid for my school and last year when i did my taxes i received a 1098 T form. My tax person said i had to turn this in which i did and had to pay taxes on that amount. But ive also read that i did not have to turn it in? This year i am anticipating to receive another 1098T for this year, do i have to turn it in?
Also, for the 1098T i submitted last year, if i didnt have to actually pay those taxes, am eligible to request the IRS return that amount to me?
The 1098-T form is informational to use in the education credits section and if they did not give you more than the box 1 tuition costs then nothing is taxable on your return even if you entered the 1098-T info the system. Review your last year's return ... was there any marginal entry on line 1 of the form 1040 ?
Ok ill review it!
All i know is that last year i had to pay over 1500$ in taxes on it.