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I didn't receive any forms from my school, can I proceed to file my taxes without entering my school information?

 
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I didn't receive any forms from my school, can I proceed to file my taxes without entering my school information?

Yes, your1098-T is an informational document not requited to be reported to the IRS

However, you should report all of your financial aid (grants/scholarships), if any, and Qualified Education Expenses

Grants and /or scholarships are taxable income to the extent that they exceed qualified educational expenses to include tuition, fees, books, and course related materials.

Qualified educational expenses are deductible to the extent that they exceed grants and/ or scholarships.

To enter educational expenses (and financial aid):

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Deductions and Credits
  • Click on I'll choose what I work on (if shown)
  • Scroll down to Education
  • On Expenses and Scholarships (Form 1098-T), click the start or update button

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1 Reply

I didn't receive any forms from my school, can I proceed to file my taxes without entering my school information?

Yes, your1098-T is an informational document not requited to be reported to the IRS

However, you should report all of your financial aid (grants/scholarships), if any, and Qualified Education Expenses

Grants and /or scholarships are taxable income to the extent that they exceed qualified educational expenses to include tuition, fees, books, and course related materials.

Qualified educational expenses are deductible to the extent that they exceed grants and/ or scholarships.

To enter educational expenses (and financial aid):

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Deductions and Credits
  • Click on I'll choose what I work on (if shown)
  • Scroll down to Education
  • On Expenses and Scholarships (Form 1098-T), click the start or update button

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