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Would I receive a 1098 t form if my financial aid covered my class expenses
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Would I receive a 1098 t form if my financial aid covered my class expenses
You should. If you have not received one, you should contact your school's financial aid office and inquire about where your form is. If you have not, or will not receive one, Turbo Tax can walk you through how to enter in your expenses. To get to that section of the program:
1. Log in to your account
2. Click on continue my taxes
3. On the left-hand side is the menu bar, click tax tools
4. Click tools
5. Click Topic Search
6. Type in Educaiton expenses
7. Click go
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Would I receive a 1098 t form if my financial aid covered my class expenses
You receive the form or can get it online from your school. If scholarship is greater than qualified education expenses the difference is taxable income to you.