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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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1098T
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taxu2
Level 4
02-09-2024
12:29 PM
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Taxpayer received 1098T. Box 1 $5360.00. Box 5 $5565.00. His employer pays his school directly. My question is for the reconciliation of Box 1, do I have to put the $5360.00 was not paid during 2023? It obviously taxes all at income at that point, but I didn't know since school paid and not him if I had to put not paid. Just wasn't sure how to handle this correctly. TIA
