KrisD15
Expert Alumni

Get your taxes done using TurboTax

You can use the link under box 1 on the 1098-T screen "What if this is not what I paid" and adjust the amount to include what you paid in December but did not post until January. 

BE SURE TO ADJUST DOWN box 1 on the 2024 Tax Year 1098-T to balance. 

 

Arrange for payment transfers directly to the school in the future to eliminate crossing calendar years. 

 

The intent for the tax-free distributions is to be used for education purposes.   

School years and tax years often cross, so an adjustment may be made, however keep student school statements with the tax files and make sure the 2023 adjustment is offset with a 2024 adjustment. 

 

Form 1099-Q and 1098-T are not an easy end-of year match, you need to make allocations outside of the 1040. 

 

 

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