Form 1098-T Tuition Statement

Form 1098-T, Tuition Statement

• Taxpayers should receive Form 1098-T if they were enrolled with an eligible educational institution. 
• Form 1098-T reports tuition paid by the student and scholarships/grants the student received for a tax period.
• If students disagree with the amounts on their Form 1098-T they should consult their educational institution. 
• A 1098-T issued to a student that will be a dependent of another, will be claimed by their guardian if their payments (box 1), exceed their scholarships/grants (box 5). If scholarships/grants exceed payments then the student will claim the 1098-T.
• In a typical year with no extensions, Form 1098-T should be made available to students by January 31st, and must be filed with the IRS by February 28th.

Follow the instructions below to correctly enter the Form 1098-T Tuition Statement:

1. Select Add Form.

2. Begin by typing 1098-T, into the search bar at the bottom of the All Forms and Schedules Menu.

3. Select Form 1098-T. Double-click to add the form.

4. Complete the 1098-T, filling in all applicable sections. 

Entering Form 1098-T will generate the 8863-Part III if box 1 (payments) is greater than box 5 (scholarships and grants). You must complete the 8863-Part III. For instructions on how to complete 8863-Part III see 8863 Part III Education Credits (American Opportunity and Lifetime Learning Credits).