Discussion:1098 T

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Discussion Forum Index --> Consumer Questions --> 1098 T

Hogback1 (talk|edits) said:

6 February 2006
I have a client with a 1098t showing 9580 in box 4 of which 7330 is scholarships for 2005. It appears that the school applied the qualified fees in november, 2004.

is the $7330 of scholarships in 2005 taxable to the student in 2005 because of the situation of the fees applied in 2004. I did not do the 2004 tax return for the student.(actually no 2004 retuen was filed.

Tvmkm (talk|edits) said:

7 March 2006
Hi, 
I am a new H1B visa holder and recently finished my graduate studies. Apart from the W-2 form from my employer, I got a 1098-T form from my school. I didnot know how to include that in my tax returns. Can anyone help me?? Thanks

Bean (talk|edits) said:

8 March 2006
I usually net that with a qualified education expense.

Infotax (talk|edits) said:

8 March 2006
Infotax Square:

YOU CAN EITHER APPLY IT ON LINE-27 AS ADJUSTED GROSS INCOME FORM-1040 OR LINE-49 EDUCATION CREDIT.

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