Does an incorrect Form 1098T matter?

annoyingdad
Sun, 26 Jan 2014 19:31:24 +0000

It looks to us like her college only listed the totals for one semester instead of for an entire calendar year.



Are you saying your D was at the same college for spring 2013 and those costs aren’t included on the 2013 1098T? When were those costs billed and paid, in 2013 or in 2012? The 1098T should only reflect expenses and scholarships/grants billed or paid or credited in 2013, not the academic year. If spring 2014 billed amounts are on the 1098T then the box should be checked that say amounts are included for an academic term beginning the first 3 months of 2014. If this is your Ds first year of college, then it would be correct if only fall semester 2013 costs were included.