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woconnell77
New Member

I paid my son's 2017 tuition in 2016 - I did not receive a 1098-T because no tuition was paid in 2017. He was a full time student Jan - May. There's no was report this?

 
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KrisD
Intuit Alumni

I paid my son's 2017 tuition in 2016 - I did not receive a 1098-T because no tuition was paid in 2017. He was a full time student Jan - May. There's no was report this?

No. The education credits are based on what is paid in the tax year. 

School years and calendar years sometimes overlap. If the school billed in December 2016 for classes that started in January 2017 and-

if you paid for the classes in 2016, those fees are education expenses for 2016

if you paid for the classes in 2017, those fees are education expenses for 2017

Credits are based on what was paid in the tax year. 

According to the IRS:

“If your school sent you a 1098-T in 2016 and it showed that you were billed in 2016 for classes that started in 2017, and you paid for those classes in 2017, you may use that amount to apply for an education credit in 2017. You may or may not receive a 1098-T in 2017 from the school. You could not have used that amount (the fee for the 2017 classes) towards a credit last year. 

Prepaid expenses. Qualified education expenses paid in 2017 for an academic period that begins in the first 3 months of 2018 can be used in figuring an education credit for 2017 only. See Academic period, earlier. For example, if you pay $2,000 in December 2017 for qualified tuition for the 2018 winter quarter that begins in January 2018, you can use that $2,000 in figuring an education credit for 2017 only (if you meet all the other requirements).

You can't use any amount you paid in 2016 or 2018 to figure the qualified education expenses you use to figure your 2017 education credit(s).”

CLICK HERE for IRS Pub 970 Education Credits

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1 Reply
KrisD
Intuit Alumni

I paid my son's 2017 tuition in 2016 - I did not receive a 1098-T because no tuition was paid in 2017. He was a full time student Jan - May. There's no was report this?

No. The education credits are based on what is paid in the tax year. 

School years and calendar years sometimes overlap. If the school billed in December 2016 for classes that started in January 2017 and-

if you paid for the classes in 2016, those fees are education expenses for 2016

if you paid for the classes in 2017, those fees are education expenses for 2017

Credits are based on what was paid in the tax year. 

According to the IRS:

“If your school sent you a 1098-T in 2016 and it showed that you were billed in 2016 for classes that started in 2017, and you paid for those classes in 2017, you may use that amount to apply for an education credit in 2017. You may or may not receive a 1098-T in 2017 from the school. You could not have used that amount (the fee for the 2017 classes) towards a credit last year. 

Prepaid expenses. Qualified education expenses paid in 2017 for an academic period that begins in the first 3 months of 2018 can be used in figuring an education credit for 2017 only. See Academic period, earlier. For example, if you pay $2,000 in December 2017 for qualified tuition for the 2018 winter quarter that begins in January 2018, you can use that $2,000 in figuring an education credit for 2017 only (if you meet all the other requirements).

You can't use any amount you paid in 2016 or 2018 to figure the qualified education expenses you use to figure your 2017 education credit(s).”

CLICK HERE for IRS Pub 970 Education Credits

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