Can I move credit on a 2016 1098-T form to 2017, the credit was in Spring of 2017. I would like to move the credits is because the max deduction is $10000 per year.

[awc36f]

My wife's 2016 1098-T form was $12290 in box 2. Our 2017 1098-T was $5035 in box 2. Can I move $2290 from spring 2017 on the 2016 1098-T form to 2017 tax credits. Since max credit is 10,000 per year. 

[kerriP · Accepted solution]

Unless your 2016 1098-T had box 7 checked indicating box 2 included amounts for spring 2017, than you can not move these expenses.  If box 7 is checked, and that information agrees with your records, it is eligible to be included on your 2017 tax return.  

Schools are suppose to check box 7 if the amount in Box 1 or 2 includes expenses for an academic term that begins in the first three months of the year following the year covered by the 1098-T.

[awc36f]

Thanks KerriP for adding $500 to my deduction. Box 7 on my 2016 1098-T form was checked!