Yes. A form 1098T is used to report tuition paid to higher educational institution to get a degree or diploma. A student may claim his/her qualified expenses paid for American Opportunity Credit ($1,500 non-refundable credit applied towards tax liability and $1,000 as refund) or Lifetime Learning Credit, if AOC been claimed for 4 years. You may follow the steps below to enter 1098T in Turbo Tax:
- Log in Turbo Tax.
- Under Income and Expenses, scroll all the way down to Education, click show more.
- Click Expenses and Scholarships (Form 1098T) and click start.
See, education credits (AOTC and LLC), for information.
