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leys
New Member

1098-T nothing in Box 1

the 1098-T my daughter gave me does not have an entry in Box 1 Payments Received, but does have an amount in Box 2.  What do I enter for Box 1?
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1 Reply
MichaelMc
New Member

1098-T nothing in Box 1

Educational institutions are given the option of reporting either Box 1 or Box 2 on Form 1098-T. If the amount in Box 2 accurately reflects your qualified tuition and fees for 2016, you do not need to do anything. TurboTax will calculate your tax credit or deduction based on that number.

If you feel that the amount reported in Box 2 doesn't not accurately reflect your educational expenses:

Enter your Form 1098-T exactly as you see it, even if you think it's wrong. Here are some important tips:

  • If any boxes on your 1098-T are blank, leave them blank. Don't enter 0 (this may cause errors later).
  • If boxes 1 or 2 on your 1098-T form are wrong, enter those amounts anyway. Then click What if this is not what I paid? right below box 2 and enter the correct amount of tuition paid.
  • Don't include grants not already listed in Box 5. We'll ask about those later.

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