1098t

[FRAZZLED]

Is a college required to send a 1098T even if grants and scholarships are more than tuition?

[TaxGuyBill]

From the Instructions:


File Form 1098-T, Tuition Statement, if you are an eligible educational institution. You must file for each student you enroll and for whom a reportable transaction is made. Also, if you are an insurer, file Form 1098-T for each individual to whom you made reimbursements or refunds of qualified tuition and related expenses.

Exceptions.
You do not have to file Form 1098-T or furnish a statement for:

• Courses for which no academic credit is offered, even if the student is otherwise enrolled in a degree program;
• Nonresident alien students, unless requested by the student;
• Students whose qualified tuition and related expenses are entirely waived or paid entirely with scholarships; and
• Students for whom you do not maintain a separate financial account and whose qualified tuition and related expenses are covered by a formal billing arrangement between an institution and the student’s employer or a governmental entity, such as the Department of Veterans Affairs or the Department of Defense.

https://www.irs.gov/instructions/i10...40276358008656

[ATSMAN]

Is a college required to send a 1098T even if grants and scholarships are more than tuition?

In my state most schools provide 1098-T when the scholarships or other financial assistance is more than the tuition. When I see that I ask the student/parents to provide the bursar statement that shows the transactions to verify because parents usually challenge that they may not get AOC.