Should I have included my 1098-T in my tax amendment?

Paying for College
1

<p>So I had figured out that some part of my financial aid was taxable. So I filed an amended return.</p>

<p>In the box for the explanation, I simply told them how I calculated the taxable portion:</p>

<p>(Scholarship+ Grant Amount ($19K)) - (Tuition and Fees Amount($8K)) = taxable amount($11K).</p>

<p>Obviously I got the amounts from the boxes on the 1098-T. I also checked my billing statements and they were accurate (I am charged spring semester fees and receive my aid in December before the new calender year).</p>

<p>Would that have been sufficient? I don't think I qualified for any deductions, so obviously I am only paying money to the IRS/states.</p>

<p>Thanks!</p>

2

<p>Was this an increase to your taxable income? In other words, did you already use up your standard deduction and/or personal exemption if you’re not claimed by somebody else? If not, you can reduce the taxable amount of scholarships by both the standard deduction and exemption.</p>

<p>But no…you don’t have to send the 1098-T</p>

3

<p>It was an increase…I had worked a little bit during the summer. but okay, thanks.</p>

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<p>The IRS doesn’t even use the 1098-T correctly lol. It’s such a joke of a form.</p>

5

<p>You can also deduct the cost of required books from the scholarships and grants.
<a href=“http://www.irs.gov/pub/irs-pdf/p970.pdf[/url]”>http://www.irs.gov/pub/irs-pdf/p970.pdf&lt;/a&gt;
page 6</p>

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<p>haha well I appreciate all the tips about reducing the amount. All I was just asking was should I have included the 1098-T as documentation. But it seems like it isn’t needed.</p>