Hal_Al
Level 15

Deductions & credits

Just don't enter the 1098-T.  The 1098-T is only an informational document. The numbers on it are not required to be entered onto your tax return.

 

You have a choice (actually a tax loop hole). You can claim nothing on your 2019 tax return, since it will be reimbursed in 2020. Or, you can claim a tuition credit, because you are out-of-pocket. The lifetime learning credit (LLC) is worth 20% of the tuition cost.  If you're in a lower tax bracket you could come out a few dollars ahead. 

It may get a little complicated reporting the 2020 reimbursement  next year. The reimbursement, next year,   goes on line 8 of form 1040 (schedule 1) as "Taxable Reimbursement". TurboTax can not automatically pull that from your w-2. You have to enter it manually. In TurboTax enter at::

Federal Taxes Tab

 

Wages and income

 

Scroll down to:

 

--less common income

 

---Misc Income, 1099-A, 1099-C..... (Press start)

 

----On the next screen, select Other reportable income

 

-----Two screens in, type Tuition reimbursement  and $960