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New Member
posted Feb 7, 2022 12:54:59 AM

Recently filed my taxes. Realized my 1098-T form had it's section 5 rounded to the nearest dollar amount in TurboTax. Didn't claim it as a credit. Do I need to fix this?

In my 1098-T my tuition expenses was more than my scholarships. Meaning it's not taxable income. The amount on section 5 was rounded to the nearest dollar amount in TurboTax even though there was a decimal amount on my 1098-T. I am unsure if it was my own action or if TurboTax did this but I wanted to confirm prior to relaxing. I also, did not claim any credit/deduction and have been informed it is not required unless you claim it as a credit.

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1 Replies
Level 15
Feb 7, 2022 1:21:54 AM

rounding to the nearest dollar is permitted if that's what you are asking.