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The taxpayers concern is that taking the credit may affect the loan forgiveness process somehow. Or that they would have to pay the credit back at a later date.
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1098T box 1 clearly states $4066 as expenses paid. The taxpayer just says that no payments have been made. These are loans that they hope to get forgiven due to...
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I appreciate your reply....as that really is my question. Is the status of the loan relevant to the eligibility of the education credit?
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If the credit is determined by expenses paid....then is it best to not include the credit if no payment has actually been made?
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Taxpayer is concerned about reporting 1098T expenses when no payments have been made. The expenses reported in box 1 are from a student loan. The taxpayer has r...
