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Level 4
posted Jun 6, 2019 6:26:15 AM

Where do we enter the out of pocket portion of college tuition and books paid directly to school and not covered by loan?

where do we enter the out of pocket portion of college tuition and books paid directly to school and not covered by loan? 

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1 Best answer
Intuit Alumni
Jun 6, 2019 6:26:29 AM

If this is your first time entering your school information, here are the steps:

 

In TurboTax online,

  • Sign in to your account, select Pick up where you left off
  • At the right upper corner, in the search box, type in "1098t" and Enter
  • Select Jump to 1098t
  • On the screen, Now Let's gather XYZ's Additional Education Expenses
  • Follow prompts
  • Next screen, Your Education Expenses Summary, select Edit
  • Next screen Here's Your Education Summary, under Tuition, select Edit to enter tuition information

 

Please also note that, for the portion of tuition or book expenses you pay with your student loan, you can still claim them as you are required to pay back in the future.  It is treated as if you actually pay.  

 

 

20 Replies
Intuit Alumni
Jun 6, 2019 6:26:16 AM

Are you referring to student loan?  Did you receive a Form 1098-T?

Level 4
Jun 6, 2019 6:26:18 AM

Yes got 1098t with box 2 chkd and box 7 filled in but we pay out of pocket part of tuition directly to school because loan wasnt big enough. So where do you enter that and book expenses?

Level 4
Jun 6, 2019 6:26:20 AM

I meant box2 filled in and box 7 chkd

Level 4
Jun 6, 2019 6:26:21 AM

We also paid on some of loan and got 1098e For interest paid.

Intuit Alumni
Jun 6, 2019 6:26:23 AM

Please see answer below

Level 4
Jun 6, 2019 6:26:24 AM

Perfect thank you. I see the books/material. Is ther a place to enter the tuition paid to school?

Intuit Alumni
Jun 6, 2019 6:26:25 AM

Please see answer below

Level 4
Jun 6, 2019 6:26:26 AM

Thk u

Intuit Alumni
Jun 6, 2019 6:26:28 AM

You are welcome!

Intuit Alumni
Jun 6, 2019 6:26:29 AM

If this is your first time entering your school information, here are the steps:

 

In TurboTax online,

  • Sign in to your account, select Pick up where you left off
  • At the right upper corner, in the search box, type in "1098t" and Enter
  • Select Jump to 1098t
  • On the screen, Now Let's gather XYZ's Additional Education Expenses
  • Follow prompts
  • Next screen, Your Education Expenses Summary, select Edit
  • Next screen Here's Your Education Summary, under Tuition, select Edit to enter tuition information

 

Please also note that, for the portion of tuition or book expenses you pay with your student loan, you can still claim them as you are required to pay back in the future.  It is treated as if you actually pay.  

 

 

Intuit Alumni
Jun 6, 2019 6:26:34 AM

To enter the correct tuition amount paid out of pocket, you can adjust the information on the Form 1098-T replica on the screen:  ( add the out of the pocket amount to box 2) 

 

In TurboTax online,

 

  • Sign in to your account, select Pick up where you left off
  • At the right upper corner, in the search box, type in "1098t" and Enter
  • Select Jump to 1098t
  • Follow prompts
  • On the screen, Type in the info from your 1098-T, check the box This is not what," Student' Name paid to school"
  • Enter the actual amount you paid

Returning Member
Nov 21, 2019 8:58:31 PM

I am 65 years old and live in USA for two years .I need to file my tax credit .what should I do?

Level 15
Nov 22, 2019 9:09:18 AM

@Azgh You have posted your question on an old thread that is not even related to your issue.  Please start your own NEW thread and explain your issue.  I think you mean you need to file a tax return--but you have not explained if you are a resident alien or a non-resident alien, or if you have a Social Security number, an ITIN, etc.  Return to the user forum and try going to Taxes>Get Your Taxes Done and then click on the blue button near the top of the page that says "Ask a Question."  Then please post your question there, and do not post any personal information--just the question and some information regarding your immigration status, source of income, etc.  At this point it is not clear if you should even be using TurboTax or a different method to prepare a tax return.

Returning Member
Nov 22, 2019 12:11:29 PM

Hi I am permanent citizen with social security and need to file first tax record 

Level 15
Nov 22, 2019 1:13:34 PM

@Azgh 

To file a return for a prior tax year

If you need to prepare a return for 2016, 2017, or 2018 you can purchase and download desktop software to do it, then print, sign,  and mail the return(s)

https://turbotax.intuit.com/personal-taxes/past-years-products/

Remember to prepare your state return as well—if you live in a state that has a state income tax.

When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s.  Use a mailing service that will track it, such as UPS or certified mail so you will know the IRS/state received the return.

Note:  The desktop software you need to prepare the prior year return must be installed/downloaded to a full PC or Mac.  It cannot be used on a mobile device.

Returning Member
May 18, 2021 2:12:09 PM

I paid part of my tuition fee out of pocket the the trade school. Where do I fill that in the 1098T Form?

Expert Alumni
May 18, 2021 2:17:58 PM

When you input the 1098-T, box 1 has the total paid. Box 5 shows any scholarships. The difference would be what you paid. You can also add expenses for books, internet (COVID related), and other supplies required for school.

@tennaw02

Returning Member
May 18, 2021 2:36:57 PM

@AmyC Thank you! Sorry, I'm still a little confused. My 1098-T box 1 shows the total tuition. Box 5 shows scholarship. I don't see where it shows th 2-3k I paid to the school out of pocket since my loans didn't cover the full amount and my scholarship was 600$. Am I able to put the 2-3k I paid out of pocket? If so, where do I place it?

 

Thanks Amy for your guidance!

Expert Alumni
May 18, 2021 2:55:00 PM

I think there is a disconnect. The 1098-T box 1 should have all of the tuition paid from every source to the school.

After you enter the 1098-T, a page will ask about other expenses paid to the school not already in box 1, you can add any extra expenses there. However, 2-3k sounds like way too much to not be already in your box 1 tuition.

 

Student loans are not scholarships and are not on the 1098-T. Loans must be repaid by you so it counts as you paying the expenses.

 

What does your 1098-T have on it?

Level 15
May 18, 2021 3:51:36 PM

@tennaw02 said " I don't see where it shows the 2-3k I paid to the school out of pocket"

 

That amount shows nowhere on your 1098-T.  And you don't need it to claim a tuition credit or deduction.  As far as the IRS is concerned, money from loans (but not scholarships*) is treated the same as out of pocket.  It's your money, since you have to pay it back. 

 

As AmyC said, box 1 should include all payments (loans, scholarships and out of pocket).  If you do not believe it to be correct, you can adjust it.

 

The 1098-T is only an informational document. The numbers on it are not required to be entered onto your tax return. However receipt of a 1098-T frequently means you are either eligible for a tuition credit or deduction or possibly your student has taxable scholarship income. 

If you claim the tuition credit, you do need to report that you got one or that you qualify for an exception (the TurboTax interview will handle this)

You claim the tuition credit, or report scholarship income, based on your own financial records, not the 1098-T. In the 1098-T screen, click on the link "What if this is not what I paid the school" underneath box 1. You will then be able to enter the actual amounts paid. You will also reach a screen that allows you to adjust the scholarship amount for "amounts not awarded for 2020 expenses".

 

*There's even a loop hole available to claim the credit, if you are on scholarship, by declaring some of your scholarship as taxable income.