1098-T change coming...

OHMomof2
Thu, 06 Dec 2018 17:35:58 +0000

According to an email from D’s college -

In previous years, your Form 1098-T included a figure in Box 2 that represented the qualified tuition and related expenses (QTRE) we billed to your student account for the calendar (tax) year. Due to a change to institutional reporting requirements under federal law, beginning with tax year 2018, we will report in Box 1 the amount of QTRE you paid during the year.

Ugh. This is the last year of this, thank goodness. Will sort it out this winter…

(Might belong in Parent Forum rather than FA forum, wasn’t thinking but this is about a tax credit @MaineLonghorn ? )