Hal_Al
Level 15

Education

The 1098-T is only an informational document. The numbers on it are not required to be entered onto your tax return. However receipt of a 1098-T frequently means you are either eligible for a tuition credit or possibly your student has taxable scholarship income. If the student is your dependent, you claim the tuition credit on your return.

 

If you claim the tuition credit, you do need to report that you got one or that you qualify for an exception (the TurboTax interview will handle this)

You claim the tuition credit, or report scholarship income, based on your own financial records, not the 1098-T. 

 

Graduating in May usually means that 2022 was her 5th calendar year of college. There is a four time limit to claiming the American Opportunity Tax Credit (AOTC) on a student's education.  So, if you  already claimed  4 AOTCs, you are prohibited from claiming it in 2022. You can claim the less generous (and non refundable) Lifetime Learning Credit (LLC).