Student, form 1098-T

[kaelyn-worlein]

I am a student, I received a pell grant in 2016 and received a a form titled "Form 1098-T". Do i do anything with this? How do i file it? Thank you!

[NicoleU · Accepted solution]

Yes, you should enter your Form 1098-T. Grants are usually reported in box 5 of form 1098-T.  You should enter your form exactly as it appears to you. If it shows up taxable and you don't think it should be, answer the questions carefully that follow the form. Your answers to these questions can make it not taxable. To enter:

1. Login and click 'Take me to my return'
2. Next, select the 'Federal Taxes' tab and then click the 'Deductions & Credits' tab below it
3. Scroll down to the 'Education' section and click the blue hyperlink 'Show more'
4. Click 'Start' or 'Revisit' next to 'Expenses and Scholarships (Form 1098-T)'
5. The next screen will ask, "Do you want to enter your higher education expenses?" click YES
6. Proceed and you'll be able to add your form. Be sure to answer the questions that follow.