topic New 1098-T Form in Education

New 1098-T Form

arussell9213 — Fri, 07 Feb 2020 05:38:49 GMT

Hello,

I have already filed my 2019 taxes, but I recieved an email that says that I recieved a new adjusted 1098-T form.

I have the adjusted 1098-T form as well as one from 2018 that they didn't send last year. I need to amend this. What do I do?

Re: New 1098-T Form

Hal_Al — Fri, 07 Feb 2020 12:11:34 GMT

Are you sure you need to amend? What changed? Generally, the 1098-T is only any informational document.

You claim the tuition credit, or report scholarship income, based on your own financial records, not the 1098-T.

That said,

How to amend: https://ttlc.intuit.com/questions/1894381-how-to-amend-change-or-correct-a-return-you-already-filed

Re: New 1098-T Form

arussell9213 — Fri, 07 Feb 2020 21:21:09 GMT

The boxes that had money values in them were way different. So I assume it would need amended?

Re: New 1098-T Form

GiseleD — Fri, 07 Feb 2020 22:36:25 GMT

If you used the original 1098-T to file your return and the new 1098-T has values that match your financial records, then it is a good idea to amend. Here's how:

Sign in to TurboTax.
Scroll down to Your tax return & documents (you may need to select Show), select 2019 and then Amend (change) return.
- If you only see the option to amend 2018 or earlier, it's because you can't amend an unfiled 2019 return. Instead, just select Pick up where you left off, make your changes, and disregard the rest of these instructions.
Select Amend using TurboTax Online.
Carefully follow the instructions. Don't worry if your refund changes to $0. This is normal on amended returns.
When finished, we'll give you instructions for printing and mailing your amended return, as amendments can't be e-filed.

Three weeks after mailing your amended return, you can start tracking it at the IRS Where's My Amended Return? tracking tool. Please allow at least 16 weeks for the IRS to process your amended return.

Processing times for amended state returns vary from state to state. If it's been more than 12 weeks since you mailed your amended state return, and you haven't heard anything, we suggest you contact your state tax agency.

@arussell9213