Hal_Al
Level 15

Education

Q. Shouldn't I at least be able to claim the $350 to offset my tax liability of $350?

A. Yes, as explained above. 

Enter your 1098-T with $1750* (the amount needed to get $350 of LLC) in box 1 and box 5 blank. 

 

* As explained above, you can justify entering a larger amount.