Understanding Your 1098-T
The 1098-T statement shows reportable transactions in a calendar year.
- Box 1: Reports the qualified tuition and related expenses (QTRE) paid during the calendar year.
- QTRE includes: tuition, course fees, activity fees, athletic fees.
- QTRE does not Include: room & board, late fees, student insurance, student health fees, transportation.
- Box 4: Reports any adjustments made to qualified tuition and related expenses that were reported in a prior year.
- Box 5: Reports the total of scholarships or grants administered or processed during the calendar year.
- Includes: university grants, third party billing.
- Box 6: Reports adjustments made to scholarships or grants reported on a prior year.