2016 Tax Update: No tuition deduction or credit without Form 1098-T

Yes, we will find out more next year, but I suspect that the 1098T will still not show many of the Qualified Expenses paid by a student, like books, lab supplies, a computer, etc.

And it will still be up to the student/parents to decide whether a portion of the scholarship is applied to R&B, and is taxable to the student, so the parents will get the AOTC.

I don’t see how the new 1098T will fix this. It will still be a complex mess that drives parents nuts at tax time.