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New Member
posted May 31, 2019 10:25:29 PM

Form 1098-t box 1 and box 2 both have the same value on my tuition statement. what can i do to continue?

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New Member
May 31, 2019 10:25:30 PM

Schools can report a student's qualified expenses one of two ways: based on how much the student actually paid during the year, or based on how much the school billed the student during the year. If the school reports the amount paid, it puts that figure in Box 1 of the form. If it reports the amount billed, it does so in Box 2.

The amount you actually paid counts towards any one of the Education tax credits, not billed. Furthermore, I would suggest confirming the amount against your receipts, cancelled checks or other documents that show payment detail, to ensure that your school did not miss anything. Also, by gathering these documents, they are your proof and evidence.