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Education
You are a victim of three bureaucracies:
1. Th IRS
2. The School
3. TurboTax (TT)
The IRS has eliminated box 2 of the 1098-T and told the schools they can only use box 1. But Box 2 is physically still on the form and the schools have not updated their computers/procedures, so you got a 1098-T with an amount in box 2. TT hasn't addressed the situation. Hopefully they will. Note that there is a link under box 1 "What if this isn't the amount I paid". That doesn't appear to be working yet.
The only work around, I see, at this time is to just enter what you paid in box 1. The schools may eventually give you a corrected 1098-T when the magnitude of this problem hits them, but it isn't gonna happen anytime soon.
1. Th IRS
2. The School
3. TurboTax (TT)
The IRS has eliminated box 2 of the 1098-T and told the schools they can only use box 1. But Box 2 is physically still on the form and the schools have not updated their computers/procedures, so you got a 1098-T with an amount in box 2. TT hasn't addressed the situation. Hopefully they will. Note that there is a link under box 1 "What if this isn't the amount I paid". That doesn't appear to be working yet.
The only work around, I see, at this time is to just enter what you paid in box 1. The schools may eventually give you a corrected 1098-T when the magnitude of this problem hits them, but it isn't gonna happen anytime soon.
‎June 5, 2019
11:29 PM