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Level 2

Question

My 1098T form is incorrect

Forum|Forum|7 years ago
June 4, 2019
2 replies
12 views

There was a refund due to an incorrect scholarship payment on my 1098T form however the information in the box does not reflect this refund

TurboTax Premier Online

A

Anonymous

It is very important that the 1098-T be correct because you may be taxed on the income that is calculated on the incorrect 1098-T. You must contact the Bursar's office of the college that you attended, in 2016 and tell them about the mistake and have them re-issue a correct 1098-T so that you can do your tax return accurately.

jmlensmireAuthor

Level 2

I've been in discussions with the Bursar's office and they say they cannot amend the form. They say it will be corrected by the next years form. However; the incorrect form is adding a pretty big scholarship income