Christopher Martin wrote:

- quote -

You need to have a discussion with the department in the school
that administers the issuance of the 1098-T. Only scholarships
and grants disbursed are to go into Box 4. A student loan refund
is usually nothing more than the balance in the student loan
account left over after tuition and fees have been deducted from
the account. Loan disbursements are not scholarships or grants.

--

Alan
http://taxtopics.net

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I hope the tax professionals here can give me some advice on
Form 1098-T that I received from my university.

According to the form, my line 2 "Amounts billed for
qualified tuition and related expenses" is less than line 4
"Scholarships or grants."

However, I did not recieve any grant or scholarship money
this past year. What I did receieve are student loan refunds
after my federal subsidized and unsubsidized loans paid for
my graduate tuition.

According to the Tax Act software I'm using (and maybe I'm
just not entering things correctly) because of the loan
refunds I'm going to actually end up paying the government
rather than getting a refund if these student loan refunds
are counted as "scholarship or grant" money and therefore
taxable as income.

If I'm not trying to get the Hope Scholarship or Lifetime
Learning Credit, do I even have to enter any of this
information on my taxes anywhere?

Thanks a lot!

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