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I have my daughter s 1098-T form. It shows Box 2 and Box 5 filled in. She had student loans for the remainder of her tuition but it does not show that in Box 1.

Do I  Included the loan amounts  we paid?
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MinhT
Expert Alumni

I have my daughter s 1098-T form. It shows Box 2 and Box 5 filled in. She had student loans for the remainder of her tuition but it does not show that in Box 1.

Yes, tuition paid from loans are considered as paid by your daughter.

She can report the actual tuition paid in TurboTax if the amount reported in Box 2 of form 1098-T is not the amount actually paid.

In TurboTax, when filling out your form 1098-T, enter only the amount in Box 2, even if both boxes 1 and 2 are filled.

Under box 2, on the 1098-T screen is a link: What if this is not what (student name) paid to the school? Click on that and you will be given a chance to enter what was actually paid in 2016.


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1 Reply
MinhT
Expert Alumni

I have my daughter s 1098-T form. It shows Box 2 and Box 5 filled in. She had student loans for the remainder of her tuition but it does not show that in Box 1.

Yes, tuition paid from loans are considered as paid by your daughter.

She can report the actual tuition paid in TurboTax if the amount reported in Box 2 of form 1098-T is not the amount actually paid.

In TurboTax, when filling out your form 1098-T, enter only the amount in Box 2, even if both boxes 1 and 2 are filled.

Under box 2, on the 1098-T screen is a link: What if this is not what (student name) paid to the school? Click on that and you will be given a chance to enter what was actually paid in 2016.


**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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