Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Apr 18, 2023 2:55:05 PM

Where do i enter my 1098 t information?

0 2 408
2 Replies
Expert Alumni
Apr 18, 2023 3:05:00 PM

Are you the student? 

Does someone else claim you as their dependent? 

Is the amount in Box 1 more or less than the amount in Box 5? 

Are you expecting to claim income or a credit? 

 

 

Pub 970

Level 15
Apr 18, 2023 6:24:17 PM

In TurboTax (TT), enter at:

Federal Taxes Tab (Personal for H&B version)

Deductions & Credits

-Scroll down to:

--Education

  --Education Expenses and Scholarships

 

There's a new urban myth among college students that says they can get a $1000 from the government just for filing a tax form. For most of them, they simply aren't eligible. A full time unmarried student, under age 24, even if you don't qualify as a dependent, is only eligible for the refundable portion of the American Opportunity Credit if he supports himself by working. You cannot be supporting yourself on parental support, 529 plans or student loans & grants. It is usually best if the parent claims that credit. 

You cannot claim a credit if you are, or can be, claimed as a dependent by someone else.

 

Reference: Line 7 instructions for form 8863. https://www.irs.gov/instructions/i8863