<p>Our daughter is a 2nd year student (full time enrollment and same school both years). We have been waiting for the 1098 T to show up online or in the mail. They emailed an update that they were now available but there was still not one for our daughter.... so I called the school.</p>
<p>They say she does not have one for this year? Depending on who I talk to the story varies- but basically they say that it has something to do with the dates that they post things and that its just the way it is and she might get one last year. I am stumped- because she received on last year and this year paid more out of pocket than 2011.... The lady also said that student loan amount dont count as out of pocket because its not something you have to pay yet? They said : you can still use your receipts etc to file a tax credit.... I am concerned because it seems like that would be a real big flag somewhere...and also HOW can they not provide one for her. </p>
<p>Here is her info- taken from the actual bills I saved:</p>
<p>Invoice Date: 7/6/12
Tuition Fall 2012 $5180.00
Student Fee 100.00
Activity Fee 45.00
Total 5325.00</p>
<p>Under Anticipated Aid:
MAP Grant 356.00
Athletic Award 1200.00
Presidential Award 2050.00
Opportunity Award 550.00</p>
<p>Total Aid 4050.00</p>
<p>Amount Due $1275.00 (paid via Debit Card on 8/28/12)</p>
<p>Then Invoice Dated 11/27/12
Same charges but the "Anticipated Aid" line looks different - it has the same as above but also: Direct Sub. Loan $2228.00 and Direct Un Sub Loan $990.00</p>
<p>We paid another $1250 for this bill.</p>
<p>In addition we have received a seperate billing each semester for room and board ($3550 each semester).</p>
<p>What do I not get about all of this.... It seems to me that she is billed $10360 in tuition- the actual - do not have to be paid back awards are $8100. Leaving $2160 out of pocket (plus books). How can she NOT have a 1098 T generated. All dates shown on the invoices (posting dates, etc.) are in 2012.</p>
<p>I am planning to call BACK to the school again today- but thought maybe I am a fool and just don't understand something here!</p>
<p>From what you’ve posted it sounds like they need to provide a 1098T. The only time a school isn’t required to provide one is if scholarships/grants are more than QEE billed by or paid to the school. When you call the business office back make sure you talk to a supervisor or the head of the office.</p>
<p>Loans are not free money and shouldn’t be included in aid with scholarships/grants and can be used to claim the AOC. </p>
<p>It is possible to claim the AOC without a 1098T and 1098Ts are sometimes wrong because of timing issues at the end of the year. Charges billed in December but not paid until January etc. Did the 2011 1098T have an amount in Box 2 with Box 7 checked?</p>
<p>You posted the invoices show anticipated aid. Are you able to look at her account online and see when charges were actually charged to the account, when aid was actually applied to her account and also when your payments were actually taken out of your account. Those are the dates relevant to claiming the AOC.</p>
<p>Sure sounds to me like she should get one (and I was the one in charge of doing them for my school).</p>
<p>According to the school- they did not post her scholarship amounts from Fall 2011 until Jan. 2012. Because she had a higher amount on awards that semester (7810) when you count that and the Fall 2012 awards she has more listed in awards than they had charged in tuition in 2012. Thus no 1098T.</p>
<p>After reading many posts about the AOC- I think we could still claim it. Does this sound right?</p>
<p>Awards posted in 2012: 11,850
Tuition/books 2012: 11,430</p>
<p>Housing 2012: 7100</p>
<p>Her awards were not designated as tuition only- as a matter of fact she receives a higher amount if her COA is more from living on campus- so I think we are safe to look at it as we took the first 2920 and applied it to housing. That would leave 8930 in award money- to apply to the 11850 in allowable expenses- leaving us with the $2500 out of pocket??</p>
<p>If this is correct- I know we would need to claim the 2920 as income on our daughters return. However- I don’t know WHERE it actually goes- and is that something that we have to file a paper claim on or can we still use an online tax filing option for her?</p>
<p>And…even though they are not generating a 1098T- am I still fine as long as I have copies of her whole account statement showing all the post dates and copies of our receipts, etc.?</p>
<p>Thank you for all your help!</p>
<p>I am not qualified to provide tax advice, but I can tell you that we did something similar. The money we moved to D’s taxes was put on line 1 of her 1040EZ, with a notation of SCHOL by the line. If she had made any regular income that year, we would have put the total of wages + scholarships on line 1 and put the total scholarships next to SCHOL. For example, if wages were $2000 and scholarships were $3000, line 1 would be $5000 and we would write SCHOL $3000 along line 1’s description. Confusing … but I would bet you can find an example if you google it.</p>
<p>D claimed some money that she had earned for a research assistantship. She did not get a 1099 for it, but the school told us that the income was on file in their offices & “could” be audited by the IRS. So we claimed it without having a 1099 to support - but we were required to do so.</p>
<p>The instructions for the 1040EZ line 1 will tell you how to do report this. However, if she doesn’t have enough other income, $5950 I think for 2012, she wouldn’t have to file. Check the ‘who must file’ section of the 1040EZ instructions. For federal taxes, scholarships/grants are considered earned income. Check on your state tax though. Our state considers scholarships/grants unearned income so there’s a lower filing threshold than federal. My son’s first year he had to file state but not federal.</p>
<p>Tax software can handle this and you can e-file. Yes keep your source documentation.</p>
<p>The information on taxable scholarships/grants and the AOC is here:</p>
<p><a href=“http://www.irs.gov/pub/irs-pdf/p970.pdf[/url]”>http://www.irs.gov/pub/irs-pdf/p970.pdf</a></p>