Form 1098-T Tuition Statement
Used for either Education Credit
and Tuition & Fees Adjustment
FL1 ty2006 Training
Form 1098-T
• Issued by eligible educational institution
• Not required
• Course has no academic credit
• Nonresident alien student
• Expenses waived or paid entirely with scholarships or grants
• No separate financial account ad expenses covered by arrangement with employer or governmental entity
Form 1098-T – Block 1
• Amount of payments received for
qualified tuition and related expenses
from any source during the calendar
year.
Form 1098-T – Block 2
• Amounts billed during calendar year for
qualified tuition and related expenses
Form 1098-T – Block 3
• Indicates if method of reporting
(payments received or amounts billed)
has changed
• Written submission to IRS required
Form 1098-T - Block 4
• Adjustments made for a prior year
• Amounts reimbursed or refunded during
calendar year that relate to payments
received that were reported for any prior
year after 2002
Form 1098-T – Block 5
• Scholarships or Grants
• Amount of scholarships or grants that the
institution administered and processed
during calendar year for student’s cost of
attendance
Form 1098-T – Block 6
• Adjustments to Scholarships or grants
for a Prior Year
• Reduction of the amount of scholarships or
grants reported for any prior year after
2002
Form 1098-T – Block 7
• Checkbox for Amounts for an Academic
Period Beginning in January through
March of 2007
• Payments received or amounts billed for
expenses reported for 2006 that relate to
academic period January – March of 2007
Form 1098-T – Box 8
• Check if at Least Half-Time Student
• Standards established by Department of
Education
Form 1098-T – Block 9
• Check if a Graduate Student
• Enrolled in program leading to graduate-
level degree, graduate-level certificate, or
other recognized graduate-level
educational credential
Form 1098-T – Block 10
• Insurance Contract Reimbursements or
Refunds
• Used if institution is an insurer
• Amounts of reimbursement or refunds
shown
Instructions for Students
• Amount shown in block 1 or 2 may
represent an amount other than the
amount paid in 2006
• Student’s records are primary source to
determine amount of deduction or credit