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1098 T and 1098 Q - Amounts paid in one year but not received by school until the next year
I paid tuition at the end of 2024 for the 2025 Spring semestar. My 1098-Q reflects Fall 2024 Payments and the amount I paid at the end of 2024. My 1098-T is only showing the Fall 2024 expense. If I enter only what is on the forms I will incur taxes, however these are for tuition expenses that appear to be crossing periods. How do I get this situation adjusted so that I don't have a tax liability for these legitimate school expenses.
March 8, 2025
1:51 PM