Hal_Al
Level 15

Education

1098 or 1098-T?

 

If 1098-T, "Box 10 of the form comes into play only in cases in which students have had expenses reimbursed under a "tuition insurance" policy. Such policies reimburse students when they are forced to withdraw from school—for medical reasons or family emergencies, for example—after paying nonrefundable tuition.

  • When an insurer reimburses a student's expenses, it provides that student with a copy of the 1098-T.
  • Box 10 is used to show the amount reimbursed.
  • The amount of expenses used to calculate credits generally are reduced by any reimbursement reported here.

Reference: https://turbotax.intuit.com/tax-tips/college-and-education/guide-to-tax-form-1098-t-tuition-statemen...