Do I have to file my 1098-T form this year or can I wait until next year to file it?

[MichaelL1 · Accepted solution]

A 1098T can only be claimed for the tax year it is for, you cannot wait and take it on the next tax year.

[j-wears1982]

Would I get penalized if I do not file it at all?

[MichaelL1]

As long as the scholarship amount is not greater than amount paid for school, then you are not required to file it.

[MichaelL1]

no penalty