I got a form 1098-t from my college in the mail today. How and where will this go on my tax return?

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I got a form 1098-t from my college in the mail today. How and where will this go on my tax return?

What is it? Will it hurt me or help me? I have already filed my taxes and then I got this in the mail!!

2007-02-01 08:21:38 · 2 answers · asked by Momin2005 1 in Business & Finance ➔ Taxes ➔ United States

WHat I meant by where will it go is where will I enter it on the 1040a?

2007-02-01 08:22:07 · update #1

2 answers

Use the amount mentioned in it to claim either education credit or deductions depending on your tax situation.

2007-02-01 08:26:19 · answer #1 · answered by onlinetaxsiteswatch 2 · 0⤊ 0⤋

just put the amount in the 1040 form, it was just allowed to be deducted, i just found out today. you cannot use 1040a (it doesnt have it on it) file a 1040x for a amended return.

2007-02-01 22:05:47 · answer #2 · answered by anti l 1 · 0⤊ 0⤋