topic 1098T in Education

1098T

kimrhod — Sun, 23 Mar 2025 19:25:04 GMT

I lived in Oklahoma and went to college in Tennessee until I got married in June 2024. So I was an Oklahoma resident until June and then because a Tennessee resident. I was still a college student in Tennessee until December 2024 when I graduated. I received my 1098T for 2024 and I'm not sure which state I should report the 1098T data to. The 1098T shows 10,500 in Box 1 and 12,000 in box 8. I have no other income in Oklahoma and a small amount of earned income in Tennessee from after I graduated. Which state should I report the 1,500 of other income from scholarships? (Tennessee has no state income tax). Thanks!

Re: 1098T

kimrhod — Sun, 23 Mar 2025 19:28:49 GMT

This should say 12,000 in Box 5 (scholarships)

Re: 1098T

Hal_Al — Sun, 23 Mar 2025 19:37:52 GMT

Q Which state should I report the 1,500 of scholarship income?

A. OK if the $1500 is attributable to the first semester.

WHO IS REQUIRED TO FILE?

If you live in Oklahoma: Does your gross income earned in Oklahoma or outside of Oklahoma exceed the Oklahoma standard deduction?
If you don’t live in Oklahoma: Does your gross income generated from Oklahoma meet or exceed $1,000?

Re: 1098T

AmyC — Sun, 23 Mar 2025 19:53:31 GMT

Two Issues: residency and 1098-T actual taxable amount

Let's start with the 1098-T - $1500 difference seems easily made up with books and other supplies. Depending on college requirements and your living arrangements, internet and other expenses may be a deduction. See Qualified Education Expenses - Internal Revenue Service

You may not actually have any income to report to Oklahoma or federal.

Residency - based on driver's license, voting, establishing social connections, making a new home. Be sure you have TN license now.

OK - if your income exceeds the standard deduction, you will file a part year return - it will be based on your federal AGI and prorated based on your OK income.

You will file 511NR for part year and non-residents. OK forms for 2024 states:

• Standard Deduction: If you did not claim itemized deductions on your federal return, enter the Oklahoma standard deduction on line 11.

If your filing status is single or married filing separate. your Oklahoma standard deduction is $6,350.
If your filing status is head of household, your Oklahoma standard deduction is $9,350.
If your filing status is married filing joint or surviving spouse, your Oklahoma standard deduction is $12,700.

Don't use the numbers from the old link listed in another answer.