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View Full Version : How do I enter information from 1098-T?


yowmn
Feb 23, 2008, 04:17 PM
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!!

>Moved from Forum Help<

AtlantaTaxExpert
Mar 10, 2008, 12:45 PM
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.