Ask Experts Questions for FREE Help !
Ask
    acowin's Avatar
    acowin Posts: 5, Reputation: 1
    New Member
     
    #1

    Mar 9, 2009, 04:48 PM
    Form 1098-T
    I am a Canadian working in the U.S. on a I94-TN visa going to graduate school as a half-time student. I have received a form 1098-T and need to know if I can use the value in box 2 ( amounts billed for qualified tuition ) and should I be reporting the value in box 5 (scholarships or grants ). I have on other U.S. income besides employment income.

    If so, please advise where I report these values on my 1040NR-EZ.

    Thank you
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
     
    #2

    Mar 9, 2009, 07:01 PM

    If you are a degree candidate and if the financial aid (includes scholarship and fellowship) is for tuition fee, other fees, books, supplies and equipment, then it is not taxable. For a degree candidate aid for boarding and travel are taxable.
    Read scholarship and fellowship grants, Your U.S. Tax Return: The U.S. Income Tax Topics 1

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Reporting Form 1098-T [ 2 Answers ]

I am a Canadian using a TN visa having filed a 1040NREZ return for a number of years. I was not sure if I could still use the 1040NREZ because I had a contribution to a 401K and I am not sure if a can deduct education expenses being a Canadian citizen. I have received Form 1098-T, Tuition...

F1-cpt-1098-t form [ 1 Answers ]

Hi folks, I am F1 student(india), I paid $3000 college tution fee during my CPT and I havenot got any 1098-T form from my college. While filing my taxes can I file for this amount? Am I eligible to get 1098-T from college?. any suggestions

F1 student with w2 form and 1098-T [ 1 Answers ]

I'm an f1 student and I worked in a company since August 2008 with school working autorization. I got my w2 form and school sent me 1098-t form. Before I worked we just filed 1098-t on sintax.com. But now I worked and I don't know how to file both form. If you help me I will really appriciate it....

1098-T tax form [ 1 Answers ]

I received this form for 2006 tax year, and am no longer a student. Am I suppose to file this paper? If yes, under what?

1098-T form [ 1 Answers ]

What is the use of 1098-T form for international students on F-1 visa (with assistantship). I received such form from my univ. and says some amount. Can I take exemption of that much amount. Advise please Thanks


View more questions Search