topic Re: 1098T in Education

1098T

Chattyme — Sat, 22 Feb 2020 22:08:01 GMT

My husbands 1098T box 1 shows $1144.00 box 5 shows $1797.90.
Since box 1 is less than box 2 it looks like its showing up on TURbo Tax as added income from scholarship/grant. why and how do we correct this?

We didn't get that money. the school was sent by his employer.

Re: 1098T

KathrynG3 — Sat, 22 Feb 2020 22:25:50 GMT

The only way it would not be reportable income would be if there were additional expenses.

Any amounts paid by the employer for your husband's college expenses are not deductible. Just keep Form 1098-T for your records.

To learn more, try this article: How do I enter Form 1098-T?

Re: 1098T

Chattyme — Sat, 22 Feb 2020 22:28:53 GMT

so we don't have to enter 1098T for his education? employer paid 100% tuition and books

Re: 1098T

KatrinaB48 — Sun, 23 Feb 2020 17:20:15 GMT

No, you don't need to file Form 1098-T since you had no out of pocket expenses.