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New Member
posted Jun 4, 2019 4:54:22 PM

My 1098T form is incorrect

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

0 2 1570
2 Replies
New Member
Jun 4, 2019 4:54:23 PM

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.

New Member
Jun 4, 2019 4:54:24 PM

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