TFoltz
Level 1

The 1098T changed.  Instead of reporting Tuition Billed it now reports Payments Received.  Still reports Scholarship money.  The big difference is that before, Scholarship money reduced the Tuition Billed and the net was used to calculate qualified education expenses.  Now, there is no netting.  Or there shouldn't be.  The Payments Received, by definition and IRS instructions for the 1098T, are amounts just that - received.  It, by design, already reports amount billed less scholarships.  Payments Received as reported on the 1098T should be the amount used to determine eligible credits.  ProSeries is still taking off Scholarships.  Or am I mssing something?

0 Cheers