1098t

6 replies
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We have a 1098t for dependent 21yr old college kid (we claim her )and we have a 1098t for my husband for classes paid for by his work. Do we enter both 1098t’s on our 1040?

And Does our daughter still need to enter the 1098t on hers?

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ChattymeAnswer

Level 5

Got it thx! but for spouse

1098T box 1 shows $1144.00 box 5 shows $1797.90
since box 1 is less than box 2 it looks like its showing up as added income from scholarship. why? we didn't get that money. the school was sent by his employer. Turbo tax is picking it up as income.

CatinaT1

Alumni - Intuit

You will enter your daughters, she does not need to and shouldn't enter it on her return.

For your husband, you say for classes paid for by his work. Did you have any out of pocket expenses for his classes? If there was no out of pocket expenses, you do not need to enter it.

More information can be found here:

Education Credits

American Opportunity Credit

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ChattymeAuthor

Level 5

Yes he had to buy a laptop to fo the work for school and work. Classes are at work and community college. Where do we enter the laptop and work clothing purchased by us

Carl

Level 11

If your daughter qualifies as your dependent (and I"m sure she does) you will have two "students" identified on your joint tax return. One student will be your spouse. The other student will be your dependent daughter. You will enter both 1098-T's on your joint tax return. Make ***SURE*** that you ***CORRECTLY*** identify which student each individual 1098-T belongs to.

ChattymeAuthorAnswer

Level 5

Got it thx! but for spouse

linaj20201

Alumni - Intuit

If your scholarship exceeds the tuition amount, the IRS considered a taxable income. They are also receiving a copy of your Form 1098-T. If you think the entire scholarship amount covers all the tuition amount, you can adjust the tuition amount. Here are the steps:

Sign in to your account, select Pick up where you left off
At the right upper corner, in the search box, type in "1098t" and Enter
Select Jump to 1098t
Follow prompts
On the screen, Type in the info from your 1098-T, check the box This is not what," Student' Name paid to school"
Enter the actual amount you paid