Amend if received revised 1098-T?

Should I amend if I received a revised 1098-T with a significantly higher amount listed? It is over $7000 more than the previous copy.

Best answer by Leonard11_2

Yes you should amend your return due to the significantly higher amount on your revised 1098-T

You will have to wait until the return is either accepted or rejected by the IRS.

If the return is rejected by the IRS you can revise your 1098-T amount and refile your return.

If the return was accepted by the IRS then you will have to file an amended tax return using Form 1040X to revise your 1098-T amount.

The FAQ link below provides information on how to amend your tax return.

[Edited 03/10/2020 | 7:27 pm PDT]

Level 10

Yes you should amend your return due to the significantly higher amount on your revised 1098-T

You will have to wait until the return is either accepted or rejected by the IRS.

If the return is rejected by the IRS you can revise your 1098-T amount and refile your return.

If the return was accepted by the IRS then you will have to file an amended tax return using Form 1040X to revise your 1098-T amount.

The FAQ link below provides information on how to amend your tax return.

[Edited 03/10/2020 | 7:27 pm PDT]

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