https://ttlc.intuit.com/community/college-education/discussion/what-if-i-don-t-file-my-1098-t/01/278223#M7517 Mon, 03 Jun 2019 17:13:08 GMT dntnkeller 2019-06-03T17:13:08Z https://ttlc.intuit.com/community/college-education/discussion/what-if-i-don-t-file-my-1098-t/01/278223#M7517 Mon, 03 Jun 2019 17:13:08 GMT https://ttlc.intuit.com/community/college-education/discussion/what-if-i-don-t-file-my-1098-t/01/278223#M7517 dntnkeller 2019-06-03T17:13:08Z https://ttlc.intuit.com/community/college-education/discussion/the-expenses-in-box-1-can-be-applied-for-a-credit-or-to-o/01/278226#M7518 <P>The expenses in Box 1 can be applied for a credit or to offset assistance, such as a scholarship.</P><P>Scholarships can be applied to education expenses, or possibly claimed as income.</P><P>The IRS gets a copy of the 1098-T and if they see a larger amount in Box 5 than Box 1, they will expect that student to claim additional income.&nbsp;</P><P>The 1098-T is entered into the TurboTax program so that the tax, if any, or credit, if any, can be computed.&nbsp;</P><P>The 1098-T itself is not entered onto the 1040, it is used for worksheet computation to report income and/or credits on the 1040.&nbsp;</P><P> <A href="https://ttlc.intuit.com/replies/4194409" target="_blank">https://ttlc.intuit.com/replies/4194409</A> </P><P></P><P> <A rel="nofollow" href="https://www.irs.gov/pub/irs-pdf/p970.pdf" target="_blank">CLICK HERE for IRS Pub 970 Tax Benefits for Education</A> </P><BR /><P></P> Mon, 03 Jun 2019 17:13:09 GMT https://ttlc.intuit.com/community/college-education/discussion/the-expenses-in-box-1-can-be-applied-for-a-credit-or-to-o/01/278226#M7518 KrisD 2019-06-03T17:13:09Z