[ARCHIVED THREAD] - Tax question

Posted: 2/15/2013 12:18:44 PM EDT

I am doing our taxes right now, and I have a question regarding my wife's tuition.

On her 1098-T, her amounts billed for qualified educational expenses only shows ~$2400 and her scholarships and grants say ~16,000. However, we definitely paid more than $2400 out of pocket to the school through our own money and loans taken out. Should I enter in the total amount billed over her three semesters or just go off the 1098?

Posted: 2/15/2013 12:26:53 PM EDT

[#1]

anyone?

Posted: 2/15/2013 12:28:21 PM EDT

[#2]

If you have receipts or credit card transaction histories, you can use them on top of the 2400 listed on the 1098. The 1098 only shows what the school knows about.

Posted: 2/15/2013 12:28:37 PM EDT

[#3]

there will be a point to deduct additional educational expenses beyond the 1098t. Put in the amount on the 1098t and make sure you can document the other expenses.

Posted: 2/15/2013 12:48:06 PM EDT

[#4]

It's just ridiculous. This makes it look like her bill was $2400 and she received $16k in scholarships

Posted: 2/15/2013 12:53:26 PM EDT

[#5]

I just put exactly what my 1098-T had on there. I understand how your situation might warrant doing otherwise. I would probably call and ask someone, or just put what you have receipts for being billed.

Posted: 2/15/2013 12:54:34 PM EDT

[#6]

http://www.irs.gov/publications/p970/

[ARCHIVED THREAD] - Tax question

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[ARCHIVED THREAD] - Tax question

[ARCHIVED THREAD] - Tax question