Answered By: Abigail Caraccio Last Updated: Jan 30, 2019 Views: 37
The 1098-T boxes are as follows:
The total amount of payments received for qualified tuition and related expenses less any reimbursements or refunds made during the calendar year that relate to the payments received for qualified tuition and related expenses during the same calendar year. This amount is not reduced by the scholarships and grants reported in Box 5
Previously used to report amounts billed for qualified tuition and related expenses. This field will be blank for 2018 onwards
This box should be checked if your college or university has changed their reporting method. You will see this box checked for 2018 due to the reporting method changing this year, as required by the IRS.
With the change in reporting method, this box will be blank for 2018. For 2019 onward, this amount represents any refund of reimbursement related to payments made towards qualified tuition and related expenses for a prior year
Used to report the total amount of scholarships and grants
Reflects adjustments made to the scholarships and grants received in the prior year
This box will be checked if any of the payments reported for 2018 are associated to a term that begins January through March 2019.
This box will be checked if you are at least a half-time student. A half-time student is a student enrolled for at least half the full-time academic workload as defined by your college or university
This box will be checked if you are a graduate student
Note: Walden University does not offer legal or tax advice. Please consult a tax advisor if you have any tax-related questions.
For more information regarding 1098-T, please visit the IRS website.
If you have any questions, please email firstname.lastname@example.org.