Does an incorrect Form 1098T matter?

lookingforward
Sun, 26 Jan 2014 21:29:35 +0000

I don’t know if this is covered in the links, but the school can choose whether it reports by calendar year or academic year. So, is she a freshman?

We had an incorrect form for one year (calculated on the academic year.) Complicated to explain. The school offered to just straighten out the numbers in the following year’s form.- I thought this would a just add up correctly, in the end. It ended up throwing off the first year’s tax credit and the fix precluded a credit the next year.