How do I create Form 1098-T?

Creating Form 1098-T

1. Click on the Payer List button.
2. Double click on the payer name.
3. Click on the Recipient List button.
4. Choose the appropriate Recipient to create Form 1098-T.
5. Click on the Add Form button.
6. Choose 1098-T from the Form Type drop down menu.
7. Fill in the necessary fields on the form:
• Corrected:  Check this box if it applies.
• Check to certify that the 1098-T filer solicited the student’s TIN in writing:  If the filer solicited the student’s TIN in writing (Form W-9S or other form), check the box. By checking the box and filing Form 1098-T with the IRS, the filer certifies under penalty of perjury that the filer has in good faith complied with the standards in regulation section 1.6050S-1 governing the time and manner of soliciting the taxpayer identification number of the student.  
• Account Number:  A number assigned to recipient by the payer. This field is optional except for the following cases:
• The recipient has multiple returns for the same return type.
• The returns are filed using E-file Center.
• Payments received for qualified tuition & related expenses:  Total payments received for qualified tuition and related expenses less any related reimbursements or refunds.
• Adjustments made for a prior year:  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 you may claim for the prior year.
• Scholarships or grants:  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 any allowable tuition and fees deduction or the education credit you may claim for the year.
• Adjustments to scholarships or grants for a prior year:  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 you may claim for the prior year.
• The amount in Box 1 includes amounts for an academic period beginning January - March XXXX:  Check if this box applies to the recipient. (XXXX = next fiscal year).
• Check if at least half-time student:  Check if this box applies to the recipient.
• Check if graduate student:  Check if this box applies to the recipient.
• Insurance contract reimbursements or refunds:  Total amount of reimbursements or refunds of qualified tuition and related expenses made by an insurer. The amount of reimbursements or refunds for the calendar year may reduce the amount of any allowable tuition and fees deduction or the education credit you may claim for the year.
8. Click Save.