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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.
February 25, 2024
6:25 PM