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Deductions & credits
You enter the 1098-T into your program to see if you are eligible for an education credit (box 1 is larger than box 5) or if the student needs to claim income (box 5 is larger than box 1).
Your program should tell you if the student needs to claim any income. If she does need to claim income, you don't use the 1098-T on her return.
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March 27, 2021
8:20 PM