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Please follow these steps to enter your Form 1098-T:
Please see What education tax credits are available? for additional information.
The 1098-T is only an 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 are a dependent and eligible for the credit, the 1098-T goes on the parent's return. If you have taxable scholarship it goes on your return.
In TurboTax (TT), enter at:
Federal Taxes Tab (Personal for H&B version)
Deductions & Credits
-Scroll down to:
--Education
--Education Expenses
.
If you claim the tuition credit, you do need to report that you got a 1098-T or that you qualify for an exception (the TurboTax interview will handle this)
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