Discussion:1098 T in ProSeries

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Revision as of 16:45, 5 November 2009

Discussion Forum Index --> Advanced Tax Questions --> 1098 T in ProSeries
Discussion Forum Index --> Tax Questions --> 1098 T in ProSeries

Skwonbu (talk|edits) said:

5 November 2009
A client received their 1098-T that shows 4235.00 (amount billed for qualified tuition expense)in box 2 and 2,652.00 in box 5(scholarships or grants)in 2008. All of the amounts were used for qualified education expense, as defined in Publication 970. However when I entered the amount in proseries, the $2,652 is treated as income, and therefore increases the AGI of the client, which should not be the case.

Can anyone help with how to treat this.

Sam

Death&Taxes (talk|edits) said:

5 November 2009
Fill in the smart worksheet below Line 5 and make sure yoyu enter the 2,652 on Line F