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Education
Q. What qualifies the student loan tax break (1098-T) as 'not simple'?
A. TurboTax says so. It's that simple: you no longer have a "simple return" by their standrd.
But, maybe you should not be claiming a "student loan tax break (1098-T)". If you are a dependent, it's your parents that file your 1098-T to claim a tuition credit. You would file the 1098-T if your scholarships (box 5) exceed your tuition (box 1). If that is the case, reply back for more advice.
‎February 7, 2024
7:49 AM