topic Can't use 1098-T from Box 1 if actually paid in prior year??? in Education https://ttlc.intuit.com/community/college-education/discussion/can-t-use-1098-t-from-box-1-if-actually-paid-in-prior-year/01/1911325#M37474 <P><STRONG>Background:</STRONG> Received a 2020 1098-T in my daughters name for tuition costs we paid.&nbsp; 2020 is the first year she is no longer our dependent finishing with her graduate degree in 2020.&nbsp; On this community it was offered that since the 1098-T is in her name and she is no longer a dependent she is the one that needs to use the tuition figure from the 1098-T.&nbsp; As I began to complete her taxes I wanted&nbsp;to determine if there were any education credits she was still entitled to as I know I have used a number of them over the years while she was in school and was our dependent.&nbsp; I began using the IRS tool, Interactive Tax Assistant (ITA) (link below).&nbsp;&nbsp;</P><P>&nbsp;</P><P><STRONG>Question:</STRONG> As I was using the tool it stated that if the tuition was actually paid in 2019 (they were paid mid December) she was NOT eligible for any education credits.&nbsp; Does this sound correct?</P><P>&nbsp;</P><P>&nbsp;</P><P><A href="https://apps.irs.gov/app/IPAR/investigate/IPAR_1/en-US/Attribute~EDCR_interview_complete~global~global/qs%24s2%40TLC_EducationCredits_Development_Screens_EDCRLanding_xint%24global%24global?user=guest" target="_blank">https://apps.irs.gov/app/IPAR/investigate/IPAR_1/en-US/Attribute~EDCR_interview_complete~global~global/qs%24s2%40TLC_EducationCredits_Development_Screens_EDCRLanding_xint%24global%24global?user=guest</A></P><P>&nbsp;</P><P>Thanks</P> Fri, 12 Feb 2021 18:15:57 GMT Dom2 2021-02-12T18:15:57Z Can't use 1098-T from Box 1 if actually paid in prior year??? https://ttlc.intuit.com/community/college-education/discussion/can-t-use-1098-t-from-box-1-if-actually-paid-in-prior-year/01/1911325#M37474 <P><STRONG>Background:</STRONG> Received a 2020 1098-T in my daughters name for tuition costs we paid.&nbsp; 2020 is the first year she is no longer our dependent finishing with her graduate degree in 2020.&nbsp; On this community it was offered that since the 1098-T is in her name and she is no longer a dependent she is the one that needs to use the tuition figure from the 1098-T.&nbsp; As I began to complete her taxes I wanted&nbsp;to determine if there were any education credits she was still entitled to as I know I have used a number of them over the years while she was in school and was our dependent.&nbsp; I began using the IRS tool, Interactive Tax Assistant (ITA) (link below).&nbsp;&nbsp;</P><P>&nbsp;</P><P><STRONG>Question:</STRONG> As I was using the tool it stated that if the tuition was actually paid in 2019 (they were paid mid December) she was NOT eligible for any education credits.&nbsp; Does this sound correct?</P><P>&nbsp;</P><P>&nbsp;</P><P><A href="https://apps.irs.gov/app/IPAR/investigate/IPAR_1/en-US/Attribute~EDCR_interview_complete~global~global/qs%24s2%40TLC_EducationCredits_Development_Screens_EDCRLanding_xint%24global%24global?user=guest" target="_blank">https://apps.irs.gov/app/IPAR/investigate/IPAR_1/en-US/Attribute~EDCR_interview_complete~global~global/qs%24s2%40TLC_EducationCredits_Development_Screens_EDCRLanding_xint%24global%24global?user=guest</A></P><P>&nbsp;</P><P>Thanks</P> Fri, 12 Feb 2021 18:15:57 GMT https://ttlc.intuit.com/community/college-education/discussion/can-t-use-1098-t-from-box-1-if-actually-paid-in-prior-year/01/1911325#M37474 Dom2 2021-02-12T18:15:57Z Re: Can't use 1098-T from Box 1 if actually paid in prior year??? https://ttlc.intuit.com/community/college-education/discussion/re-can-t-use-1098-t-from-box-1-if-actually-paid-in-prior-year/01/1911874#M37490 <P>Correct, education credits that were paid in 2019 cannot be used for tax year 2020.&nbsp; The 1099-T will reflect money paid to the school in 2020.</P><P>&nbsp;</P><P>The IRS link that you provided seems not to be open, but <A href="https://turbotax.intuit.com/tax-tools/calculators/education/" target="_blank">here is a TurboTax education credit calculator</A>.</P><P>&nbsp;</P><P>&nbsp;</P><P>If you need to go back and amend yours or your daughter's 2019 tax return to claim unused credits, you can.&nbsp;<A href="https://turbotax.intuit.com/tax-tips/amend-return/how-to-file-an-amended-return-with-the-irs/L6kO691J8" target="_blank">Here's a TurboTax article that explains how</A>.</P><P>&nbsp;</P><P>&nbsp;</P><P>&nbsp;</P> Fri, 12 Feb 2021 19:51:33 GMT https://ttlc.intuit.com/community/college-education/discussion/re-can-t-use-1098-t-from-box-1-if-actually-paid-in-prior-year/01/1911874#M37490 ReneeM7122 2021-02-12T19:51:33Z
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topic Can't use 1098-T from Box 1 if actually paid in prior year??? in Education
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https://ttlc.intuit.com/community/college-education/discussion/can-t-use-1098-t-from-box-1-if-actually-paid-in-prior-year/01/1911325#M37474
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<P><STRONG>Background:</STRONG> Received a 2020 1098-T in my daughters name for tuition costs we paid.&nbsp; 2020 is the first year she is no longer our dependent finishing with her graduate degree in 2020.&nbsp; On this community it was offered that since the 1098-T is in her name and she is no longer a dependent she is the one that needs to use the tuition figure from the 1098-T.&nbsp; As I began to complete her taxes I wanted&nbsp;to determine if there were any education credits she was still entitled to as I know I have used a number of them over the years while she was in school and was our dependent.&nbsp; I began using the IRS tool, Interactive Tax Assistant (ITA) (link below).&nbsp;&nbsp;</P><P>&nbsp;</P><P><STRONG>Question:</STRONG> As I was using the tool it stated that if the tuition was actually paid in 2019 (they were paid mid December) she was NOT eligible for any education credits.&nbsp; Does this sound correct?</P><P>&nbsp;</P><P>&nbsp;</P><P><A href="https://apps.irs.gov/app/IPAR/investigate/IPAR_1/en-US/Attribute~EDCR_interview_complete~global~global/qs%24s2%40TLC_EducationCredits_Development_Screens_EDCRLanding_xint%24global%24global?user=guest" target="_blank">https://apps.irs.gov/app/IPAR/investigate/IPAR_1/en-US/Attribute~EDCR_interview_complete~global~global/qs%24s2%40TLC_EducationCredits_Development_Screens_EDCRLanding_xint%24global%24global?user=guest</A></P><P>&nbsp;</P><P>Thanks</P>
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<pubDate>Fri, 12 Feb 2021 18:15:57 GMT</pubDate>
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Can't use 1098-T from Box 1 if actually paid in prior year???
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<link>
https://ttlc.intuit.com/community/college-education/discussion/can-t-use-1098-t-from-box-1-if-actually-paid-in-prior-year/01/1911325#M37474
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<description>
<P><STRONG>Background:</STRONG> Received a 2020 1098-T in my daughters name for tuition costs we paid.&nbsp; 2020 is the first year she is no longer our dependent finishing with her graduate degree in 2020.&nbsp; On this community it was offered that since the 1098-T is in her name and she is no longer a dependent she is the one that needs to use the tuition figure from the 1098-T.&nbsp; As I began to complete her taxes I wanted&nbsp;to determine if there were any education credits she was still entitled to as I know I have used a number of them over the years while she was in school and was our dependent.&nbsp; I began using the IRS tool, Interactive Tax Assistant (ITA) (link below).&nbsp;&nbsp;</P><P>&nbsp;</P><P><STRONG>Question:</STRONG> As I was using the tool it stated that if the tuition was actually paid in 2019 (they were paid mid December) she was NOT eligible for any education credits.&nbsp; Does this sound correct?</P><P>&nbsp;</P><P>&nbsp;</P><P><A href="https://apps.irs.gov/app/IPAR/investigate/IPAR_1/en-US/Attribute~EDCR_interview_complete~global~global/qs%24s2%40TLC_EducationCredits_Development_Screens_EDCRLanding_xint%24global%24global?user=guest" target="_blank">https://apps.irs.gov/app/IPAR/investigate/IPAR_1/en-US/Attribute~EDCR_interview_complete~global~global/qs%24s2%40TLC_EducationCredits_Development_Screens_EDCRLanding_xint%24global%24global?user=guest</A></P><P>&nbsp;</P><P>Thanks</P>
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<pubDate>Fri, 12 Feb 2021 18:15:57 GMT</pubDate>
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Re: Can't use 1098-T from Box 1 if actually paid in prior year???
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<link>
https://ttlc.intuit.com/community/college-education/discussion/re-can-t-use-1098-t-from-box-1-if-actually-paid-in-prior-year/01/1911874#M37490
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<P>Correct, education credits that were paid in 2019 cannot be used for tax year 2020.&nbsp; The 1099-T will reflect money paid to the school in 2020.</P><P>&nbsp;</P><P>The IRS link that you provided seems not to be open, but <A href="https://turbotax.intuit.com/tax-tools/calculators/education/" target="_blank">here is a TurboTax education credit calculator</A>.</P><P>&nbsp;</P><P>&nbsp;</P><P>If you need to go back and amend yours or your daughter's 2019 tax return to claim unused credits, you can.&nbsp;<A href="https://turbotax.intuit.com/tax-tips/amend-return/how-to-file-an-amended-return-with-the-irs/L6kO691J8" target="_blank">Here's a TurboTax article that explains how</A>.</P><P>&nbsp;</P><P>&nbsp;</P><P>&nbsp;</P>
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<pubDate>Fri, 12 Feb 2021 19:51:33 GMT</pubDate>
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