Hal_Al
Level 15

Deductions & credits

You don't need to do anything special. Everything you need is on the 1098-T. 

 

Box 1 is everything paid to the school, whether by you, by scholarships or by loans.  Box 5 is how much of the box 1 amount that was paid by scholarships (but not loans).  As long as box 1 is more than box 5, you  may count the difference towards claiming the tuition credit, even if you did not pay the full difference.  

 

The person who claims the student, as a dependent, gets to claim the full amount, even if they did not pay the full amount.

 

If the difference is less than $4000, reply back for further instructions. Tell us the amount in box 1 and box 5 and any additional qualified expenses paid: books, computers, other course materials,  but not room & board.