I received a 1098 this year from a payment I made in 2017 for the school years of 2015-16. Does this mean I need to ammend 2016 and add this 1098-t to the 2016?

[akitahodge]

I received a 1098 this year from a payment I made in 2017 for the school years of 2015-16. Does this mean I need to ammend 2016 and add this 1098-t to the 2016 tax year?

[LinaJ2018 · Accepted solution]

No, you do not need to amend.  If you pay the amount during 2017, you are entitled to claim the credit on your 2017 tax return.

In TurboTax online program, if you pay your tuition out of the pocket and the Form 1098-T does not reflect the corrected amount, you can adjust the information in box 2 on the Form 1098-T screen, here are the steps:

1. After sign into your account and select Take me to my return 

2.  At the right upper corner, in the search box, type in 1098t and Enter 

3.  Select Jump to form 1098T 

4.  On screen, "Do you want to enter your higher education expenses?" answer Yes. 

5.  Go through the step-by-step interview questions

6.  On screen, "Did you get a 1098-T from school for 2017?" answer Yes 

7.  Next screen, "Type in the info from your 1098-T"  

8.  Under Box 2- Amounts billed for tuition and related expenses  

9   Click on " What if this is not what I paid to this school ?"  and enter the corrected amount. 

Please see attached screenshots