topic Why is the loan amount listed in box 1 of 1098-T? in Education

Why is the loan amount listed in box 1 of 1098-T?

mtmmkm — Mon, 23 Feb 2026 10:00:28 GMT

Re: Why is the loan amount listed in box 1 of 1098-T?

MarilynG1 — Fri, 27 Jan 2023 17:49:21 GMT

Box 1 on the 1098-T is the total amount that was paid to the school for education expenses. That amount could include loans, grants, personal funds, scholarships, etc.

Click this link for detailed info on How to Enter a 1098-T.

Re: Why is the loan amount listed in box 1 of 1098-T?

Hal_Al — Fri, 27 Jan 2023 18:04:16 GMT

The amount of box 1 that was paid by loans is not relevant for tax reporting purposes. For tax purpose, you may allocate the box 1amount to various sources ( loans, grants, personal funds, scholarships) as needed. The one exception is if the conditions of a scholarship specifically say it must be used for tuition.