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baz881212
New Member

Form 1098

I received a form 1098T with Box 1 amount as 29000, Box 5 amount as 19000. I am a Graduate Assistant with tuition fully paid for by the department. Upon checking, the discrepancy is due to the non-resident tuition waiver applied by the school. Can I still claim tax credit?

Also, can I apply this?

https://ttlc.intuit.com/community/college-education/discussion/who-files-1098-t/00/3327808

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1 Reply
Hal_Al
Level 15

Form 1098

The simple fact that box 1, of the 1098-T,  is $10K more than box 5 means you have $10,000 of QEE (qualified educational expenses) to claim the tuition credit, unless you know that to be erroneous. 

 

I'm not following the rest of what you're saying. You question seems to imply that box 5 is the one with  $29K and box 1 is $19K.

 

Grad students are not eligible for the more generous American opportunity tax credit (AOTC).  The Lifetime Learning Credit (LLC) is 20% of tuition paid, up to $10K  ($2000 max LLC). 

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