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Form 1098 AR: What You Should Know
A student's share of these payments is limited to the amount of tuition and fees for which the student was eligible. Other payments including child support and payments made to a state or federal non-profit scholarship trust will be reported by the student's educational institution. The IRS will notify the educational institution of all payments made, allowing the institution to make an estimated payment amount. Form 1098-T: Application to Report Student Information Form 1098-T must be filed with the college or university tax return or with Form 1094, the student's individual tax return. This form must be submitted by the student to determine the student's eligible tuition and fees; the amount of the non-exempt non-refundable tuition and fees, if any; and the extent to which the student's share of any tuition and fees is greater than the tuition and fees for which the student was eligible. The application form asks you more than once to estimate the student's share of eligible tuition and fees before reporting them on the Form 1098T. The student will report only the share of eligible tuition and fees to which the student was entitled. No amounts may be attributed to other items that are not tuition-related. The Form 1098-T is not a required tax filing item. Form 8863, Mortgage Interest Statement for Qualified Individuals with Income in Excess of Less Than 100,000; or Form 8863-EZ, Mortgage Interest Statement for Qualified Individuals with Income in Excess of 100,001 and Under Oct 10, 2023 — Use the Form 8863 and the Form 8863-EZ to: report interest that exceeds 100,000 on the Form 1040 for tax year beginning on April 30, 2019; make tax payments to eligible educational institutions on the tax forms provided. Form 8863-EZ is designed to be used with your 1095-B or 1095-C tax return. Student Loan Interest Statement — Student Loan Servicing Aug 11, 2023 — The Student Loan Servicing can ask the student to fill out a form every year telling what interest the student receives and what the interest rate is.
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