<p>Received 1098-T form which indicates a scholarship amount but no amount for tuition paid. Paid over $12K in tuition costs. Why isn't this indicated on the 1098?</p>
<p>It should be in the box that says qualified expenses. If it isn’t, then you should contact the school and ask for a new one to be sent, or see if there is a correct one online in the same place you view your bill.</p>
<p>What are the time periods involved? When were courses taken, or are they being taken now, when were they paid for. What are the amounts in various boxes and what’s checked?</p>
<p>Only amount indicated was the scholarship amount. Student turned 24 this year. Does that matter? Scholarship did NOT cover tuition in full.</p>
<p>Check the 1098-T from last year. Does it include CY 2012 costs?</p>
<p>Dig through your own records, and sort out what you and the student did pay for each term, and the amount of scholarship money that would be applicable for each term. Do not rely on the figures on the 1098T, they are not useful because they do not accurately represent expenses, and they often mis-distribute scholarship money and payments. For fun reading on this topic, you can find multiple threads in the Financial Aid Forum.</p>
<p>When in doubt, check the instructions in IRS Publication 970 <a href=“http://www.irs.gov/pub/irs-pdf/p970.pdf[/url]”>http://www.irs.gov/pub/irs-pdf/p970.pdf</a></p>
<p>If you and the student can scrape up $4,000 in qualified expenses the person who is eligible to take the AOC will get the maximum credit. Since your student turned 24 in 2012, I believe that your student can now claim the AOC credit. Read through Pub 970, and run the math both ways if there is an option to claim the credit on the parents’ tax return.</p>