in Education
You'll need to sign in or create an account to connect with an expert.
Basically, you just ignore it. Don't enter the 1098-T at all. it is only an informational document and does not have to be entered.
If the scholarship posted to your account, in 2016, covered the expenses billed in 2015; you do not have to report anything.
However, if you counted the expenses shown on your 2015 (box 2 ) 1098-T to claim a tuition credit on you 2015 return, you have a ''double dipping'' problem. In that case, some or all of the 2016 is taxable scholarship income
Basically, you just ignore it. Don't enter the 1098-T at all. it is only an informational document and does not have to be entered.
If the scholarship posted to your account, in 2016, covered the expenses billed in 2015; you do not have to report anything.
However, if you counted the expenses shown on your 2015 (box 2 ) 1098-T to claim a tuition credit on you 2015 return, you have a ''double dipping'' problem. In that case, some or all of the 2016 is taxable scholarship income
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
CCam12
New Member
in Education
Cleo-Autumn
New Member
EnglishMom2025
New Member
in Education
anx21
Level 1
in Education
mister-broshar
Level 3
in Education