Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Still need to file? Our experts can get your taxes done right. Get started >
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
shaundrake
New Member

I made payment to the schoo, but box 1 on my 1098-T does not show any payment.

 
1 Reply
ChrisJ
New Member

I made payment to the schoo, but box 1 on my 1098-T does not show any payment.

If your school didn't receive those payments (i.e. you paid a school loan, etc), it wouldn't be reported on this form.

Regardless - your school issued that form to you. You need to contact them if you have any questions. 

You can report qualified education expenses in TurboTax: 

  1. Sign In, Continue your/take me to my return
  2. Go to Federal Taxes - Deductions & Credits 
  3. Edit/Add/Start Expenses and Scholarships (Form 1098-T) Edit/Add Student
  4. Edit Other Education Expenses (for all schools

Education expenses are things like books, materials, lab equipment and other things you had to buy so you could attend classes.

Eligible education expenses can be deducted whether they were paid out-of-pocket or through a student loan.

You won't need to enter information about your student loan until you start paying it back. The loan itself won't be deductible, but the interest may be deductible. For you to be eligible for a deduction, the loan has to be in your name. Payments to a loan or school not listed on a 1098-T aren't deductible.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies
v
ABCDEFGHIJKLMNOPQRSTUVWXYZabcdefghijklmnopqrstuvwxyz0123456789-_~