I started doing my taxes using Turbo Tax and I ran into something I'm not sure about. This question is mainly for people who have/had to file a 1098-T (Tuition Statement). I entered the correct information from my 1098-T into Turbo Tax and clicked to continue. The next page asked how much of the tuition amount was actually paid to the school. Since I'm using Stafford Loans and not paying out of pocket would the amount I was billed for tuition and related expenses be the same as how much was actually paid to the school?
As an example (not the actual amount) say I was billed $2200 for tuition and related expenses (Box 2 of the 1098-T). Would the amount that was actually paid to school also be $2200 since the tuition was paid by my student loan?
I want to contact the financial aid office at school and ask them on Monday. This is the last thing I need to do so I can file my taxes.
Thanks for any help. Feel free to PM with any information if you would rather do it that way.
As an example (not the actual amount) say I was billed $2200 for tuition and related expenses (Box 2 of the 1098-T). Would the amount that was actually paid to school also be $2200 since the tuition was paid by my student loan?
I want to contact the financial aid office at school and ask them on Monday. This is the last thing I need to do so I can file my taxes.
Thanks for any help. Feel free to PM with any information if you would rather do it that way.