What is reported on Form 1098-T?
The Form 1098-T reports the tuition that you have paid throughout the year.
- The tuition is located in Box 1.
- If you receive a 1098-T with information only in Box 2, the institution is indicting you have been billed but no payment has been received. If payments have not been made, you cannot claim a credit on your tax return. Beginning in Tax Year, 2018, Box 2 is reserved and no information should be listed.
- Scholarships/Grants received are reported in Box 5.
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