1098-T

Forum|Forum|5 months ago
February 2, 2026
1 reply
14 views

I recently received my 1098-T for my final semester of College that was completed in Fall of 2025. I received $21,096 in financial aid according to my records for Fall of 2025 semester. My Box 5 states I received $40,805 and I do not have a mark for box 7. My box 1 states I paid $21,041 which is not the total expenses I was charged for for the 2025 Fall semester.

In short this is saying I received near double to aid I actually did, I reached out to my College to see if there if they can fix my 1098-T, as I only received the $21,096 for the fall 25 semester. my 1098-T from 2024 did have the mark in box 7.

What are the best numbers to file with if I don't receive a corrected 1098-T from my institution?

TurboTax Free Edition Online

CesarJ

Level 6

A 1098 T often does not reflect what you actually paid or received in a single semester. It reports amounts billed and iad posted during a calendar year, not strictly by term. That's why Box 5 can appear higher than the aid you applied for Fall 25, and why Box 7 may be unchecked.

You were correct to contact the school, but if not correction is issued, filing in TurboTax based on the information in the 1098T is acceptable and compliant.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

morgankuulaAuthor

Level 2

So It should have both semester that were billed/paid in 2025 in Box 1? , because at the current moment it seems to only reflect one of these semesters.

Karis_F

Level 7

Form 1098-T, Box 1 reports payments received for qualified tuition and related expenses on a calendar year basis.

As CesarJ suggested, you should try to get a corrected Form 1098-T from the school if you think that your form is not correct. If you are not able to get a corrected form, you can adjust the Form 1098-T to reflect your records when entering the information in TurboTax.

Here is a TurboTax article about Form 1098-T for additional information:

Guide to Tax Form 1098-T: Tuition Statement

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"