My son received scholarships for 2017-18 yr. In December 2017 he registered for two spring term classes so, all of his spring term scholarships were disbursed in Dec. He added more classes on 1/6/18. His scholarships were more than tuition on 12/31/17. But when he added more classes 1/6/18, and I paid the balance, that was no longer true. The 1098T doesn't show the tuition for (late) added classes, only the tuition for first 2 classes and all of the spring semester scholarships. How do I report for 2017?
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Was box 7 also checked indicating some of the tuition was for 2018 ?
When you are in the Education Section of Turbo Tax, Either Box 1(for payments received.) or Box 2 (for amounts billed) will be completed.
If you look under Box 2 amount there is a note "what if this is not what student paid to this school"
If you click on that question, an additional section will open up to enter the full amount of all tuition paid. I have attached a screen shot. Enter the total in this new box, and that should take care of your Scholarships being more than Tuition.
For next year, you will need to remember that some of the 2018 tuition paid might have been included on 2017 credit calculation.
Was box 7 also checked indicating some of the tuition was for 2018 ?
When you are in the Education Section of Turbo Tax, Either Box 1(for payments received.) or Box 2 (for amounts billed) will be completed.
If you look under Box 2 amount there is a note "what if this is not what student paid to this school"
If you click on that question, an additional section will open up to enter the full amount of all tuition paid. I have attached a screen shot. Enter the total in this new box, and that should take care of your Scholarships being more than Tuition.
For next year, you will need to remember that some of the 2018 tuition paid might have been included on 2017 credit calculation.
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