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Level 1
Mar 9, 2022 11:33 PM UTC
Question

1098 T

My daughter's 1098 T has box 5of $9500  and no payment in box 1 because I paid it in Dec 2020. For 1998 T 2020 box 7 is checked which means amount in box 1( includes an amount for jan- March 2021. Can I carry the amount I paid in dec 2020 for 2021 so my daughter doesn't need to report the $9500 as income on her taxes?

    1 reply

    DaveF1006
    Alumni - Intuit
    Mar 9, 2022 11:43 PM UTC

    If your daughter has a 2021 1098 T, she will need to report Box 5 income this year because this is what the IRS has on file.

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