1098-T change coming...

mommdc
Sat, 08 Dec 2018 02:30:56 +0000

@twoinanddone yes, that’s true, but the loan will post in January, so it would be considered paid in 2019, right?

In the past the bills were paid in August and December of the same year. My D has a tuition scholarship so we only claim qualified fees and any book expenses for AOTC.
The 1098T would show billed amounts for tuition and fees for both semesters.

Last year the 1098T showed billed amounts for tuition and fees for both semesters but scholarship and loan didn’t post to the account until January for the spring semester (spring semester started a few days later).

@BelknapPoint we are taking the AOTC for four years. We could claim the fees and books for both semesters in the last three years because we paid them in the same year. This year we might only be able to claim one semester for AOTC.

But if that happens, we can possibly claim the lifetime learning credit for 2019 and 2020. She will have two more years of school after her bachelor’s degree.