AmyC
Expert Alumni

Get your taxes done using TurboTax

Each 1098-T should stand alone showing only what is on that form. The totals will be added together for calculating credit. You only need $4k in money paid out of pocket to optimize your education benefits. If the scholarships leave $4k or more to go towards tuition, the worksheets won't matter.  I recommend you look at another of my answers for help to maximize your credit.

 

The purpose of entering the information is to get an education credit. If you don't qualify, you would not need to enter anything. The program has worksheets that run and calculate allowed amounts. The actual answer goes on form 8863 and is used to compute education credit for your return. See About Form 8863, Education Credits for the form and instructions.

 

You will need to preview your form 8863 before filing to ensure it is correct and you are receiving the proper credit.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"