Skip to main content
Level 1
June 1, 2019
Solved

1098 T FOR CURRENT SEMESTER

  • June 1, 2019
  • 1 reply
  • 14 views
I RECEIVED A 1098 T FORM FOR 2016 BUT DIDN'T PAY ANY TUITION OR ATTEND CLASSES TILL JANUARY 2017. SHOULD I REPORT IT ON 2016 TAXES?
Best answer by

Since the tuition wasn't paid until 2017, it gets reported on your 2017 tax return. That's one of the purposes of a December billing, to give the taxpayer the option of paying in 2016 or 2017.

It doesn't matter when the tuition was billed or what the 1098-T says. What matters is when was the tuition was actually PAID. If the spring 2017 tuition was paid in 2016, it would be deductible in 2016 (or counted toward the education credit) in 2016.

1 reply

Answer
June 1, 2019

Since the tuition wasn't paid until 2017, it gets reported on your 2017 tax return. That's one of the purposes of a December billing, to give the taxpayer the option of paying in 2016 or 2017.

It doesn't matter when the tuition was billed or what the 1098-T says. What matters is when was the tuition was actually PAID. If the spring 2017 tuition was paid in 2016, it would be deductible in 2016 (or counted toward the education credit) in 2016.