You
need form 1098-T to qualify for education credits or deductions. Eligible
colleges or other post-secondary institutions must send Form 1098-T to any
student who paid "qualified educational expenses" in the preceding
tax year. If there is an entry on line 5 Scholarships or Grants, this amount will
reduce the amount of your expenses eligible for the credit since they were paid
by scholarships or grants. 1098-T
includes tuition, any fees that are required for enrollment, and course
materials the student was required to buy from the school.
Additional expenses not included on the form 1098-T such as books, supplies and equipment needed for a course of study are generally also deductible.
