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1098-t box 4 and box 6

So what exactly am I supposed to do with box 4 and 6 of the 1098-T? I haven't seen this before.


    That I understood but what do I do with these numbers as far as the Intuit Tax Online goes?


      Sorry, I only speak "Lacerte".  

      • Is it supposed to affect this year's education credit?

      Directly from the instructions on the F 1098-T:

      Box 4. Shows any adjustment made for a prior year for qualified tuition and related 

      expenses that were reported on a prior year Form 1098-T. This amount may reduce any 

      allowable education credit that you claimed for the prior year (may result in an increase in 

      tax liability for the year of the refund). See “recapture” in the index to Pub. 970 to report a 

      reduction in your education credit or tuition and fees deduction.

      Box 5. Shows the total of all scholarships or grants administered and processed by the 

      eligible educational institution. The amount of scholarships or grants for the calendar year 

      (including those not reported by the institution) may reduce the amount of the education 

      credit you claim for the year.

      Box 6. Shows adjustments to scholarships or grants for a prior year. This amount may 

      affect the amount of any allowable tuition and fees deduction or education credit that you 

      claimed for the prior year. You may have to file an amended income tax return 

      (Form 1040X) for the prior year

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