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1098-T, G.I. Bill and Pell Grant

Forum|Forum|6 years ago
June 1, 2019
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I received a 1098-T from my school for 2015. I utilized both my G.I. Bill benefits to pay for college as well as receiving the Pell Grant. After inputting the information, it asked how much of the G.I. Bill was used for my education. I am unsure where to find this information or what to do next. I use 100% of my G.I. Bill benefits for my education expenses.

TurboTax Deluxe Online

Best answer by ToddL

(Edited 2/10/16 at 6:15 AM PT)

When the Turbo Tax program asks "How much of the G.I. Bill was used for your education?" it is actually asking you to identify any part of the GI Bill or Veteran's Benefits that were already included in Box 5 of your Form 1098-T.

If you received the benefits directly from the VA, the school should not have reported them as part of the Box 5 amount. You may want to check with the school, if you are not sure. If they weren't included in Box 5 by the school, don’t enter anything here - they will not affect your tax liability.

There is another interview screen that asks “Did you received a Scholarship or Grant?” (other than VA). One of the choices is “Other scholarship/grants /fellowships”. This is where you enter the amount of the Pell grant.

T

ToddLAnswer

(Edited 2/10/16 at 6:15 AM PT)

When the Turbo Tax program asks "How much of the G.I. Bill was used for your education?" it is actually asking you to identify any part of the GI Bill or Veteran's Benefits that were already included in Box 5 of your Form 1098-T.

If you received the benefits directly from the VA, the school should not have reported them as part of the Box 5 amount. You may want to check with the school, if you are not sure. If they weren't included in Box 5 by the school, don’t enter anything here - they will not affect your tax liability.

There is another interview screen that asks “Did you received a Scholarship or Grant?” (other than VA). One of the choices is “Other scholarship/grants /fellowships”. This is where you enter the amount of the Pell grant.

D

dh2015

If I already subtracted the GI Bill payment from the amount from Box 5 (1098-T) and I used what was left for "room and board", do I report it this way as well?