1098t box 7. It is unchecked and the tuition amount in box 1 does not include amount paid to school through Jan-Mar 2019? What does that mean for my tax credit?

This year I got my 1098-T and box 7 is unchecked for "includes tuition paid Jan through 2019." Box 5 shows a higher $ amount for Scholarship and Grants for the entire 2018-2019 school year. Box 1 shows just the tuition paid for Fall 2018. Can I include the tuition payment for my 2019 Spring semester as an education expense/wrong amount in box 1.

It shows as if I got more money than my tuition for the Fall 2018-Spring 2019 school year and that is certainly NOT the case.

Can I report this on my return or should I get another 1098-T from the school the following tax year?

1039

1 Best answer

New Member

Jun 6, 2019 12:11:23 AM

Yes, if the Box 1 amount is incorrect, change it. You can include tuition paid for Spring semester of 2019. Make sure, though, not to include it again next year.

New Member

Jun 6, 2019 12:11:23 AM

Yes, if the Box 1 amount is incorrect, change it. You can include tuition paid for Spring semester of 2019. Make sure, though, not to include it again next year.

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1098t box 7. It is unchecked and the tuition amount in box 1 does not include amount paid to school through Jan-Mar 2019? What does that mean for my tax credit?