Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
red81logan
New Member

Do I need to file a 1098 T form?

 
2 Replies
BillM223
Employee Tax Expert

Do I need to file a 1098 T form?

Normally, yes, because this may lead to credits or to additional taxable income, depending on the information on the form and the additional questions you answer. 

 

The only time you would not is if you are a dependent of your parents, in which case they will add the 1098-T to their return.

 

Note that the IRS already has a copy of the 1098-T so you can't leave it off and hope they don't notice.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Hal_Al
Level 15

Do I need to file a 1098 T form?

You are nor "required " to, but you may "need" to. 

The 1098-T is only any informational document. The numbers on it are not required to be entered onto your tax return. However receipt of a 1098-T frequently means you are either eligible for a tuition credit or deduction or possibly your student has taxable scholarship income. 

If you claim the tuition credit, you do need to report that you got one or that you qualify for an exception (the TurboTax interview will handle this)

You claim the tuition credit, or report scholarship income, based on your own financial records, not the 1098-T. 

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.62m
Discussions

Manage cookies
v