JulieS
Employee Tax Expert

Get your taxes done using TurboTax

This happens sometimes. If your tuition for the spring term was billed and/ or paid at the end of 2018, the amount was on your 2018 1098-T form.

 

Scholarships and grants come through later in the term, typically in January or February. It isn't noticeable while you are still going to school, but in that last term, you can have scholarships with no offsetting tuition. 

 

If you have expenses for books and supplies that will reduce the amount of taxable scholarship. I think you should do a little research just to verify that this form is accurate before you file it. 

 

As far as entering the information in Turbo Tax, you do it the same as always, work through the education section in Turbo Tax. Enter your 1098-T form as it is. It will increase your taxable income, if you don't have enough education expense to offset it. 

  1. Search for "1098-T" using the search box located in the upper right corner .
  2. Click on Go to 1098-T.
  3. Answer Yes to the next two questions.
  4. The next page will provide instructions for uploading your 1098-T form.

Be sure to answer all of the follow up questions in this section to reduce your tax as much as possible.

 

 

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