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Returning Member
posted Feb 7, 2022 3:37:21 AM

Requirement to file 1098T

I claim my daughter as my dependent.   On the 1098T Box 1 is around 26,000 and Box 5 is 7,000.   Her father (we are divorced) has a 529 plan for her and after that was applied and her fed student loan, I paid less than $1000 out of pocket towards the tuition.   Do I have to file this document?

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2 Replies
Level 15
Feb 7, 2022 5:03:25 AM

No ... you never have to take any credit. 

Expert Alumni
Feb 7, 2022 5:05:54 AM

No, you are not required to file with this document. However, if your daughter is eligible for the American Opportunity Credit, it is a dollar-for-dollar credit for the first $2,000 of eligible expenses and can be as high as $2,500. In addition to tuition, this includes supplies and books required for her study.