<p>“next year, the college your child attends will send out a Form 1098T which will identify the amount that is deductible.”</p>
<p>BB, I am afraid that the 1098T will not do that -at least not for all schools </p>
<p>I just received my 1098T and the school did list only the payments it received or billed directly. This means that ancillary expenses such as books and indirect fees are NOT listed, but still deductible. Could it be possible that the schools do this to allow some creativity for books? :D</p>