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If itemized deductions are $2K less than the standard deduction, will 1098-T Box 1 minus Box 5 = $8,000 push me over the standard deduction amount?
Currently, my itemized deductions are $2,000 less than the standard deduction.
Box 1 on my son's 1098-T is $15,000 and Box 5 is $7,500.
If I enter my son's 1098-T and $500 in Other Educational Expenses, will my itemized deductions be greater than the standard deduction?
Thanks!
Q
May 26, 2025
10:15 PM