<p>Hello. I have some questions about the 1098-T and taxes! Woohoo!</p>
<p>I am doing my 2012 Taxes on H&R Block. In 2012, I was in college full-time in the spring and I guess it would be "half-time" in the summer.</p>
<p>My 1098-T says:
Box 1 (Payments received for qualified tuition and related expenses): $0 (it's blank!)
Box 2 (Amounts billed for qualified tuition and related expenses): $2,642.00</p>
<p>Everything else is blank until:
Box 5 (Scholarships or grants): $8,485.00
Everything else is blank except:
Box 8 (Check if at least half-time student): Checked off (aka yes!)</p>
<p>I checked out my 2011-2012 Academic Year Financial Aid from my college.
For JUST Spring 2012, it reads:</p>
<p>Federal Work Study-- $900
Federal Pell Grant-- $2,775.00
Fed Supp Educ Opp Grant-- $200.00
(College Name Here) Grant-- $4,210.00
Federal Direct Subsidized Loan-- $1,524.00
Residence Hall Waiver-- $2,653.00 (I was a Resident Assistant so they paid for my room)</p>
<p>My RA job Res Hall Waiver is NOT seen as a scholarship or grant.
Term Totals: $12,262.00 For Spring 2012 </p>
<p>I also went to my 2012-2013 Academic Year Financial Aid Info from my college.
I took summer courses.
For Summer 2012 it says:</p>
<p>Summer Pell Grant-- $1,300.00
BBAY Fed Dir Sub Loan Smr-- $3,645.00
Term Totals: $4,945.00 For Summer 2012</p>
<p>H&R Block asks me the following:
Tuition and fees from Form 1098-T
Tuition and fees from 1098-T box 1 (For this I put $0)
Tuition and fees from 1098-T box 2 (For this I put $2,642)</p>
<p>Now tell us these amounts, if any, paid in 2012. Include amounts paid:
With your money
With grants and loans
From any other source</p>
<p>Tuition and fees. Refer to the amounts above and tell us how much was actually paid in 2012. (For this I put $16,307--the amount of my grants & scholarships & loans)
Course materials required to be paid to the school as a condition of enrollment ($0)<br>
Other course materials ($60--I paid for books)</p>
<p>Can I put the $16,307????</p>
<p>On the next page H&R Block asks all about my loans ($5,169), my own money ($60), my Grants & Scholarships fromt he 1098-T (already filled in with $8,485), etc.</p>
<p>It also has "Others Funds" as an option, where I put $2,653 because that is how much my "Residence Hall Waiver Form" for my board is. However, I've been enlightened that this probably shouldn't be there and I should deduct it from the $16,307 and therefore also erase it from the "Other Funds" spot, too?</p>
<p>I just want to know if I'm doing it correctly. Is it wrong??</p>