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Taxpayer received following forms and amounts graduate school
2021 1098 t tuition 6522
w2 tx free reimbursement 4314
2022 1098 t 4416
w2 tax free reimbursement 5250
Looks like i have timing differences in that taxpayer is only reimbursed after completing course with achieved grade. NO other boxes are checked on 1098T.
at best total tuition 10938
total tax free 10500 but only 9564 shown on w2.?
How do i enter on these two years to not overclaim the llc knowing what i know now in march 2023
2021
tuition 6522 less w2 tax free of 4314 or do i use max 5250 as it aqppears w2 for 2022 has tax free of 5250 but only 4416 education expenses.
How do i adjust the education expense paid shown on 1098 t to not overclaim the credit based on what i know happened in 2021 and 2022. AT most total tuition 4416 +6522 less max tax free assistance -5250-5250. netting a total education cost a credit maybe claimed for.?