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Question on return that asks (did student receive form 1098-T from institution previous year with Q

 
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3 Replies
Hal_Al
Level 15

Question on return that asks (did student receive form 1098-T from institution previous year with Q

Your question is not clear.

Question on return that asks (did student receive form 1098-T from institution previous year with Q

My apologies. On my return on Part III (3) it asks you details for your primary institution and secondary institution (if any) in regards to educational credits. Turbo Tax messed up and listed my school under both columns. This may not be a big deal due to the same EIN number being on both.

 

The concern is with one question. Did the student receive form 1098-T from this institution for 2020 with box 7 checked. Although my school, UT Dallas is listed twice in both columns, the answer to this question is Yes under one and No in the other. The correct answer was no.

 

Does this matter? Does it change return $ amount? Should I amend after receiving return? I e-filed.

Hal_Al
Level 15

Question on return that asks (did student receive form 1098-T from institution previous year with Q

Q. Does this matter (the check mark in box 7 of the 1098-T)?

A. Simple answer: No

 

Q. Does it change return $ amount?

A. No.  It only alerts you that YOU may need to adjust the amounts when claiming something on your tax return. Most people do not need to change anything.

 

Q. Should I amend after receiving return? 

A.   No, if you did not change anything and the numbers, on the 1098-T, are correct per your records. 

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