How do I enter information from 1098-T?

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Feb 23, 2008, 02:17 PM

yowmn

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Join Date: Feb 2008

Posts: 1

How do I enter information from 1098-T?

Where on my tax form would I file Box 5 from my 1098-T? I used Taxcut and entered the amount from box 2 but I do not know where to enter box 5. It will not let me enter under scholarships because it does not equal Box 2? YIKES!!!!

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Answers

Mar 10, 2008, 11:45 AM	#2

AtlantaTaxExpert Tax Expert Join Date: Feb 2005 Location: Atlanta, Georgia Posts: 9,873	You do not enter it ANYWHERE. What you do is SUBTRACT the Box #5 scholarship information from the BOX #2 tuition paid, then enter the difference on your tax return. If Box #5 is GREATER THAN Box #2, then you CANNOT CLAIM any tution credits or deductions.

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