My daughter is currently a high school junior. She is currently taking a few dual-credit courses. We pay tuition directly to the university. Should we be receiving a Form 1098-T from them?
Thanks in advance!
Ryan
@BelknapPoint will know for sure.
But your bigger question is…does your child qualify for a tax credit and do you want to use it now if she does. The AOTC can only be used for a limited number of years.
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IRS Form 1098-T is issued to students who are “enrolled” at an eligible educational institution. My feeling is that “taking a few dual-credit courses” doesn’t necessarily rise to the status of being enrolled. You should ask the university what their policy is on providing a 1098-T to students. As thumper1 points out, education tax credits are the issue here. The purpose of the 1098-T is to support taxpayers in claiming such a credit.
The first criteria for the AOTC is “ * Be pursuing a degree or other recognized education credential”.
For the LLC the second criteria is “Be taking higher education course or courses to get a degree or other recognized education credential or to get or improve job skills.”
I don’t believe that she qualifies for either but I am not a tax professional.
Thank you for those. I wondered if the tax credits were for students pursuing a degree. That seems to be the case.
If that is true, then there is no reason for a college where a kid is not a matriculated student to issue a 1098T.
The 1098T may be on your student’s portal. One of my kids received a hard copy mailed to her once or twice (started school in 2014) but after that they were only posted on her portal and I had to go in an get the numbers or print them off).