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NDavis1
New Member

1098-t

So if I already filed my taxes with my 1098-t and owe money to the irs for it, would it look bad if I amended my return to not include my 1098-t?

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2 Replies
KrisD15
Expert Alumni

1098-t

No, you can't amend your return and make it disregard the 1098-T.

 

If you already filed your return, and it included the 1098-T, you have the option to file an amended return to report errors or additional income, but that would not allow you to file a new return as if the 1098-T never happened. 

 

The IRS gets a copy of 1098-T forms and if it looks like you received more scholarship that what was paid in tuition, you'll need to claim that income. 

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Hal_Al
Level 15

1098-t

Tell us more about your situation.  How old are you,, what is your other income, are you a dependent, did you or your parents claim the tuition credit

 

"owe money to the irs for my 1098-T" is rare. It usually occurs when box 5 exceeds box 1.  But most students, who are their parents dependent, must have more than $12,400 of income  for any of their excess scholarship to be taxable. 

 

 

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