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Can I write off the tuition I paid into for college even if my 1098-T form only gives an amount in box 2?
In the two previous years I had an amount in box 2. That amount was how much I paid for tuition out of pocket. This year I paid for tuition out of pocket like the previous yeard but there's only a small amount in box one and nothing in box 2. What should I do while preparing my taxes? I was hoping to write off my tuition expenses again.
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Can I write off the tuition I paid into for college even if my 1098-T form only gives an amount in box 2?
Box 2 of form 1098-T shows the amount billed by the school and this is not the amount used to claim education credits. This is why TurboTax no longer asks for the amount in box 2.
The amount used for claiming education are qualified education expenses you actually paid to the school in 2018 which should be shown in box 1.
If your box 1 shows an amount which is not the amount you actually paid, when filling out your form 1098-T in TurboTax, leave Box 1 blank on the entry screen.
Under box 1, on the 1098-T screen is a blue link: What if this is not what (student name) paid to this school? Click on that and you will be given a chance to enter what was actually paid in 2018 (see attached screen shot).
The amount you enter here will be used to calculate your education credits.
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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Can I write off the tuition I paid into for college even if my 1098-T form only gives an amount in box 2?
Box 2 of form 1098-T shows the amount billed by the school and this is not the amount used to claim education credits. This is why TurboTax no longer asks for the amount in box 2.
The amount used for claiming education are qualified education expenses you actually paid to the school in 2018 which should be shown in box 1.
If your box 1 shows an amount which is not the amount you actually paid, when filling out your form 1098-T in TurboTax, leave Box 1 blank on the entry screen.
Under box 1, on the 1098-T screen is a blue link: What if this is not what (student name) paid to this school? Click on that and you will be given a chance to enter what was actually paid in 2018 (see attached screen shot).
The amount you enter here will be used to calculate your education credits.
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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Can I write off the tuition I paid into for college even if my 1098-T form only gives an amount in box 2?
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