Form 1098-T data entry
To enter information from Form 1098-T, Tuition Statement, you can either:
- Use Source Data Entry.
- Use the following table to find where to enter the information.
Form field | Folder > Screen | Field | Statement column |
|---|---|---|---|
Student's SSN | Educate > Educate | Eligible student information | Student's SSN |
Filer's name - Educational Institution | Educate > Educate | Eligible student information | Name |
Filer’s address | Educate > Educate | Eligible student information | Institution address columns |
Box 1 - Payments received for qualified tuition | Educate > Educate | Eligible student information | Pymt Rec’d Qual Tuition |
Box 3 - Check if you have changed your reporting method | Educate > Educate | Eligible student information | Inst. Changed Method |
Box 4 - Adjustments made for a prior year | Educate > Educate | Eligible student information | Adj for Prior Yr |
Box 5 - Scholarships or grants | Educate > Educate | Eligible student information | Scholarships and Grants |
Box 6 - Adjustments to scholarships for a prior year | Educate > Educate | Eligible student information | Adj to Schol Prior Yr |
Box 7 - Check if amount in box 1 or 2 includes amounts for January - March 2024 | Educate > Educate | Eligible student information | Amts for 2024 Semester |
Box 8 - Check if at least half-time student | Educate > Educate | Eligible student information | If blank, AOTC Disqualifier = 2, Not enrolled at least half-time |
Box 9 - Check if a graduate student | Educate > Educate | Eligible student information | Graduate student |
Box 10 - Ins. contract reimb./refund | Educate > Educate | Eligible student information | Ins Contract Reimb |
note
- Boxes 3, 4, and 6 are entered in the UltraTax CS Source Data Entry Utility only, if applicable, and transferred to the input screen for informational purposes. Further research by the preparer will be required to determine if the amounts in these boxes have any tax consequences for the current or prior tax years.
- To determine whether the amount in box 5 is taxable, refer to Publication 970, Tax Benefits for Education. If the amount is determined to be taxable (and it wasn't reported on Form W-2), open theIncomescreen in theIncomefolder, open theOther income statementwindow, then enter code5 - Txb scholarship not on W2in the Federal Code column. Then, enter an amount in the Amount column. This amount will appear on Form 1040, line 7.
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