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Get your taxes done using TurboTax
No, you don't have to report your 1098-T,
not unless you want to claim an education
credit. However if
your grant/scholarship amount (box 5) is more than your tuition (box 1/box
2) you may want to report it because excess
scholarship money may be treated as taxable income on your
return.
When you
enter your 1098-T, we use this and other information to determine the
educational benefits you may be eligible for on your tax return, such as the
American Opportunity Credit, the Lifetime Learning Credit and the Tuition and
Fees Deduction.
‎June 7, 2019
3:38 PM