I just looked more closely at the information provided about the amount in box 4. It is apparently money that we/she paid for a short January 2020 class. We paid it in December 2019 but it was actually for 2020. This is what is posted as an explanation:
Detail of Adjustments to Charges Billed
1098T Future Year Prepay -$2,840.50
Tuition - Undergraduate $1,330.00
Term Total: -$1,510.50
Total All Terms: -$1,510.50
It's also presented this way:
Box 1- Payments ReportableTax Year Beginning Carry Forward of Un-Reported Charges Billed (A) Current Charges Billed (B) Current Decrease Previous Charges (C) Box 4 Adjustment (D) Cap Limit Charges Billed (E = A+B+C+D) Current Payments Received (F) Box 1 Payments Reportable (G = (Least E, F)) Ending Carry Forward of Un-Reported Charges Billed (H = E-G)
2020 | $0.00 | $31,018.00 | -$1,510.50 | $1,510.50 | $31,018.00 | $36,476.39 | $31,018.00 | $0.00 | |
@Hal_Al ,does this shed more light on what to do with box 4? It didn't let me keep the formatting of the above table. A through H are the column names. Thanks so much.
