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1098-T box 7

My 1098-T statement shows the text for box 7 as "Check this box if the amount in box 1 or 2 includes amounts for an academic period beginning January - March 2021"

However my Desktop TurboTax lists the dates as "January - March 2022"

 

Which is correct? My answer is different depending on which year I should be answering about. 

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1 Best answer

Accepted Solutions

1098-T box 7

Box 7 indicates, if checked, that Box 1 includes amounts for an academic period beginning in the next calendar year.

If the 1098T is for the year 2021, the correct answer is the amount in box 1 or 2 includes amounts for an academic period beginning January - March 2022.

 

Click on the link for more information

 

Form 1098T

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1 Reply

1098-T box 7

Box 7 indicates, if checked, that Box 1 includes amounts for an academic period beginning in the next calendar year.

If the 1098T is for the year 2021, the correct answer is the amount in box 1 or 2 includes amounts for an academic period beginning January - March 2022.

 

Click on the link for more information

 

Form 1098T

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