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usdcpa77
New Member

1098-T how do i post the numbers?

I am preparing my daughters taxes who is married and has a child.  She is a full time student for all of 2020 and received a 1098-T from her college.  Box 5 reports 22634.00 for scholarships and grants and box 1 reports 18408 for received tuition and related expenses.  The form does not allow me to enter in her 2020 Tuition and Enrollment fees onto the form.  It says I entered this in earlier and can not find were to insert the numbers.  Please help.  

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2 Replies
JoannaB2
Expert Alumni

1098-T how do i post the numbers?

If it didn't allow to enter the tuition paid, you can delete the form and re-enter the 1098-T on your income tax return. To delete a form in Turbo Tax:

  • Login to Turbo Tax.
  • In Tax Home Screen, click Tax Tools, then Tools.
  • Under Tax Tools Center, scroll down and click delete a form
  • Under Review List, scroll down and choose 1098-T, click delete.

The 1098-T is used to report qualified tuition expenses paid to a higher educational institution to get degree or diploma. If you received the form, you need to file it on your income tax return.  The amount on box 1 was the tuition you paid to the school and box 5 was the amount of your scholarship.  If the amount of box 1 is higher, you may claim a credit up to $2,500, if qualified,  If the amount on box 5 is more than box 1, you may have a taxable income.

 

The American opportunity tax credit (AOTC) is a credit for qualified education expenses paid for an eligible student for the first four years of higher education. You can get a maximum annual credit of $2,500 per eligible student, and 60% of the credit is non-refundable which is used to lower liability and the remaining 40% will be refunded on the return.

Hal_Al
Level 15

1098-T how do i post the numbers?

Go through the entire education interview until you reach a screen titled "Your Education Expenses Summary".  Click edit next to the student's name. That should take you to a screen “Here’s your Education Summary”. Click edit next to the section you want to change; tuition, in your case (click edit next to the school name).

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