Education
Yes, you can adjust the information on the Form 1098-T. If you believe the Form 1098-T is not reported correctly, you can adjust the tuition amount in box 1. Just make sure you will keep all records upon IRS's request for the substantiation. Here are the steps in TurboTax online:
- Sign in to your account, select Pick up where you left off
- At the right upper corner, in the search box, type in "1098t" and Enter
- Select Jump to 1098t
- Follow prompts
- On the screen, Type in the info from your 1098-T, check the box This is not what," Student' Name paid to school"
- Enter the actual amount you paid
