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posted Jun 5, 2019 11:29:40 PM

In my 1098-T there are only amount on Box 2 and Box 5? While filing the tax return on Turbotax, I only see Box 1, but not Box 2. How do I go with this situation?

I received 1098-T from my university recently.

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1 Best answer
Level 15
Jun 5, 2019 11:29:43 PM

 For 2018, box 2 is no longer an option for reporting on Form 1098-T.  If you have received a Form 1098-T with box 2 amounts instead of box 1, then your school has either not filed the forms correctly or they are using an outdated system of reporting.

You should seek a corrected Form 1098-T that reports box 1 expenses paid.  If you can’t get a corrected form, then select the blue link for “What if this is not what I paid to this school” on the Form 1098-T page and enter your expenses based on your school records.

You need to enter at least $1 in box 1 (you cannot leave it blank)  and  you can then use the blue hyperlink to override the amount.  That amount then gets used on Form 8863 for the Tuition credit calculation.  

4 Replies
Level 15
Jun 5, 2019 11:29:40 PM

The Form 1908-T for 2018 does not use box 2, it is reserved.  See this IRS website for a 1098-T (2018) - <a rel="nofollow" target="_blank" href="https://www.irs.gov/pub/irs-prior/f1098t--2018.pdf">https://www.irs.gov/pub/irs-prior/f1098t--2018.pdf</a>
Ask your school to provide you with the correct form.

Level 15
Jun 5, 2019 11:29:42 PM

You are a victim of three bureaucracies:
1. Th IRS
2. The School
3. TurboTax (TT)
The IRS has eliminated box 2 of the 1098-T and told the schools they can only use box 1. But Box 2 is physically still on the form and the schools have not updated their computers/procedures, so you got a 1098-T with an amount in box 2.  TT hasn't addressed the situation. Hopefully they will. Note that there is a link under box 1 "What if this isn't the amount I paid". That doesn't appear to be working yet.

The only work around, I see, at this time is to just enter what you paid in box 1. The schools may eventually give you a corrected 1098-T when the magnitude of this problem hits them, but it isn't gonna happen anytime soon.

Level 15
Jun 5, 2019 11:29:43 PM

 For 2018, box 2 is no longer an option for reporting on Form 1098-T.  If you have received a Form 1098-T with box 2 amounts instead of box 1, then your school has either not filed the forms correctly or they are using an outdated system of reporting.

You should seek a corrected Form 1098-T that reports box 1 expenses paid.  If you can’t get a corrected form, then select the blue link for “What if this is not what I paid to this school” on the Form 1098-T page and enter your expenses based on your school records.

You need to enter at least $1 in box 1 (you cannot leave it blank)  and  you can then use the blue hyperlink to override the amount.  That amount then gets used on Form 8863 for the Tuition credit calculation.  

Level 15
Jun 5, 2019 11:29:46 PM

See the answer and comments from SuperUser TaxGuyBill on this post for the same subject - https://ttlc.intuit.com/questions/4518407