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Education expense,part was billed on 12/31/2015, for spring 2016. paid 2016. it is not on 1098-T. can i count it?
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Education expense,part was billed on 12/31/2015, for spring 2016. paid 2016. it is not on 1098-T. can i count it?
YES
You claim what was PAID in 2016.
When you enter the information from the 1098-T into the TurboTax software, click on the blue link under Box 2 that asks "What if this is not what I paid to the school?"
Enter the amount the school received, the amount you paid, in 2016.
(see screen shot below)
Make sure you keep copies of the payments made, such as a copy of your student school account statement, for your files.
- Mark as New
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Education expense,part was billed on 12/31/2015, for spring 2016. paid 2016. it is not on 1098-T. can i count it?
YES
You claim what was PAID in 2016.
When you enter the information from the 1098-T into the TurboTax software, click on the blue link under Box 2 that asks "What if this is not what I paid to the school?"
Enter the amount the school received, the amount you paid, in 2016.
(see screen shot below)
Make sure you keep copies of the payments made, such as a copy of your student school account statement, for your files.
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