topic Please see answer below in Education

Where do we enter the out of pocket portion of college tuition and books paid directly to school and not covered by loan?

Chattyme — Thu, 06 Jun 2019 13:26:15 GMT

where do we enter the out of pocket portion of college tuition and books paid directly to school and not covered by loan?

Are you referring to student loan? Did you receive a For...

LinaJ2018 — Thu, 06 Jun 2019 13:26:16 GMT

Are you referring to student loan? Did you receive a Form 1098-T?

Yes got 1098t with box 2 chkd and box 7 filled in but we...

Chattyme — Thu, 06 Jun 2019 13:26:18 GMT

Yes got 1098t with box 2 chkd and box 7 filled in but we pay out of pocket part of tuition directly to school because loan wasnt big enough. So where do you enter that and book expenses?

I meant box2 filled in and box 7 chkd

Chattyme — Thu, 06 Jun 2019 13:26:20 GMT

I meant box2 filled in and box 7 chkd

We also paid on some of loan and got 1098e For interest p...

Chattyme — Thu, 06 Jun 2019 13:26:21 GMT

We also paid on some of loan and got 1098e For interest paid.

Please see answer below

LinaJ2018 — Thu, 06 Jun 2019 13:26:23 GMT

Please see answer below

Perfect thank you. I see the books/material. Is ther a pl...

Chattyme — Thu, 06 Jun 2019 13:26:24 GMT

Perfect thank you. I see the books/material. Is ther a place to enter the tuition paid to school?

Please see answer below

LinaJ2018 — Thu, 06 Jun 2019 13:26:25 GMT

Please see answer below

Thk u

Chattyme — Thu, 06 Jun 2019 13:26:26 GMT

Thk u

You are welcome!

LinaJ2018 — Thu, 06 Jun 2019 13:26:28 GMT

You are welcome!

If this is your first time entering your school informati...

LinaJ2018 — Tue, 10 Mar 2020 22:58:26 GMT

If this is your first time entering your school information, here are the steps:

In TurboTax online,

Sign in to your account, select Pick up where you left off
At the right upper corner, in the search box, type in "1098t" and Enter
Select Jump to 1098t
On the screen, Now Let's gather XYZ's Additional Education Expenses
Follow prompts
Next screen, Your Education Expenses Summary, select Edit
Next screen Here's Your Education Summary, under Tuition, select Edit to enter tuition information

Please also note that, for the portion of tuition or book expenses you pay with your student loan, you can still claim them as you are required to pay back in the future. It is treated as if you actually pay.

To enter the correct tuition amount paid out of pocket, y...

LinaJ2018 — Tue, 10 Mar 2020 22:50:38 GMT

To enter the correct tuition amount paid out of pocket, you can adjust the information on the Form 1098-T replica on the screen: ( add the out of the pocket amount to box 2)

In TurboTax online,

Sign in to your account, select Pick up where you left off
At the right upper corner, in the search box, type in "1098t" and Enter
Select Jump to 1098t
Follow prompts
On the screen, Type in the info from your 1098-T, check the box This is not what," Student' Name paid to school"

Enter the actual amount you paid

First tax file

Azgh — Fri, 22 Nov 2019 04:58:31 GMT

I am 65 years old and live in USA for two years .I need to file my tax credit .what should I do?

Re: First tax file

xmasbaby0 — Fri, 22 Nov 2019 17:09:18 GMT

@Azgh You have posted your question on an old thread that is not even related to your issue. Please start your own NEW thread and explain your issue. I think you mean you need to file a tax return--but you have not explained if you are a resident alien or a non-resident alien, or if you have a Social Security number, an ITIN, etc. Return to the user forum and try going to Taxes>Get Your Taxes Done and then click on the blue button near the top of the page that says "Ask a Question." Then please post your question there, and do not post any personal information--just the question and some information regarding your immigration status, source of income, etc. At this point it is not clear if you should even be using TurboTax or a different method to prepare a tax return.

Re: First tax file

Azgh — Fri, 22 Nov 2019 20:11:29 GMT

Hi I am permanent citizen with social security and need to file first tax record

Re: First tax file

xmasbaby0 — Fri, 22 Nov 2019 21:13:34 GMT

@Azgh

To file a return for a prior tax year

If you need to prepare a return for 2016, 2017, or 2018 you can purchase and download desktop software to do it, then print, sign, and mail the return(s)

https://turbotax.intuit.com/personal-taxes/past-years-products/

Remember to prepare your state return as well—if you live in a state that has a state income tax.

When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s. Use a mailing service that will track it, such as UPS or certified mail so you will know the IRS/state received the return.

Note: The desktop software you need to prepare the prior year return must be installed/downloaded to a full PC or Mac. It cannot be used on a mobile device.

Re: If this is your first time entering your school informati...

tennaw02 — Tue, 18 May 2021 21:12:09 GMT

I paid part of my tuition fee out of pocket the the trade school. Where do I fill that in the 1098T Form?

Re: If this is your first time entering your school informati...

AmyC — Tue, 18 May 2021 21:17:58 GMT

When you input the 1098-T, box 1 has the total paid. Box 5 shows any scholarships. The difference would be what you paid. You can also add expenses for books, internet (COVID related), and other supplies required for school.

@tennaw02

Re: If this is your first time entering your school informati...

tennaw02 — Tue, 18 May 2021 21:36:57 GMT

@AmyC Thank you! Sorry, I'm still a little confused. My 1098-T box 1 shows the total tuition. Box 5 shows scholarship. I don't see where it shows th 2-3k I paid to the school out of pocket since my loans didn't cover the full amount and my scholarship was 600$. Am I able to put the 2-3k I paid out of pocket? If so, where do I place it?

Thanks Amy for your guidance!

Re: If this is your first time entering your school informati...

AmyC — Tue, 18 May 2021 21:55:00 GMT

I think there is a disconnect. The 1098-T box 1 should have all of the tuition paid from every source to the school.

After you enter the 1098-T, a page will ask about other expenses paid to the school not already in box 1, you can add any extra expenses there. However, 2-3k sounds like way too much to not be already in your box 1 tuition.

Student loans are not scholarships and are not on the 1098-T. Loans must be repaid by you so it counts as you paying the expenses.

What does your 1098-T have on it?