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mbisbee1
New Member

My 2016 1098-T Does not show the money paid of tuition, it was paid in December of 2015 for spring 2016, but it does list the scholarship I received for the spring 2016 term. It appears I am being taxed for the scholarship, what can I do about this?

 
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Accepted Solutions
Hal_Al
Level 15

My 2016 1098-T Does not show the money paid of tuition, it was paid in December of 2015 for spring 2016, but it does list the scholarship I received for the spring 2016 term. It appears I am being taxed for the scholarship, what can I do about this?

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

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1 Reply
Hal_Al
Level 15

My 2016 1098-T Does not show the money paid of tuition, it was paid in December of 2015 for spring 2016, but it does list the scholarship I received for the spring 2016 term. It appears I am being taxed for the scholarship, what can I do about this?

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

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