JotikaT2
Employee Tax Expert

Education

I recommend reporting your 1098-T as reported to you as the IRS also has a copy of the form and will look for any discrepancies.

 

There are options in regards to tuition expenses and scholarships and when those are reported on a 1098-T form versus the term they apply to.

 

You can make an adjustment in the input to ensure your scholarship income is only being reported against your 2019 education expenses.  

 

You would then need to include this amount in scholarship income when you prepare your 2020 Income tax return.

 

If there are additional expenses you paid during 2019 that are not reported on a Form 1098-T, you can also add them under the Here's Your Education Summary page.

 

Whatever method you use, be sure to be consistent so you only report any tuition expenses one time per year.  You do not want to make the error of claiming more expenses than were paid.  This could result in an adjustment to your returns if the overstatement of expenses is investigated.

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"