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?

[dapan]

I received 1098-T from my university recently.

[DoninGA]

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.p...>
Ask your school to provide you with the correct form.

[Hal_Al]

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.

[Hal_Al · Accepted solution]

 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with box 2 amounts instead of box 1, then your school has either not filed the forms correctly or they are using an outdated system of reporting.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.  

[DoninGA]

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