<p>I do not understand this. I Have received 1098t for daughter last two years. Now the school is saying that because daughters grants and scholarships were larger than her (qualifying expenses) she will not receive one. I have paid over 2000.00 on her bill. She has taken out 3000.00 in loans, and over 500.00 for books. They do not break down the expenses except to decide that you do not qualify for education credits. Do other schools do this?</p>
<p>It’s IRS regs that the schools don’t have to provide a 1098T when scholarships/grants exceed qualified education expenses. You can google the 1098T instructions.</p>
<p>Not having a 1098T doesn’t mean you can’t claim educations credits. You have to go to source documents: bills/account statements, receipts, cancelled checks etc. If your student’s scholarships/grants did exceed QEE you also have to look at the possiblity of the excess schloarships/grants being taxable income to the student.</p>
<p>IRS pub 970 has the details:</p>
<p><a href=“http://www.irs.gov/pub/irs-pdf/p970.pdf[/url]”>http://www.irs.gov/pub/irs-pdf/p970.pdf</a></p>
<p>1098Ts are frequently incorrect so it’s always good to look at the source documents anyway. To get the credit you may need to shift the grants/scholarships to non QEE, have the student report that as taxable income and allocate your payments to QEE.</p>