2018 UltraTax CS
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If the student is the taxpayer or spouse on the return, you can enter this form information using the UltraTax CS Source Data Entry utility. If the student is a dependent, enter the 1098-T information manually according to the table below.
| Form field | Folder > Screen | Field | Statement column |
|---|---|---|---|
| Student's SSN | Educate > Educate | Eligible student information | Student's SSN, 2018 1098-T Received |
| Filer's name - Educational Institution | Educate > Educate | Eligible student information | Name |
| Filer’s address | Educate > Educate | Eligible student information | Institution address columns |
| Box 1 - Payments received for qualified tuition | Educate > Educate | Eligible student information | Pymt Rec’d Qual Tuition |
| Box 3 - Check if you have changed your reporting method | Educate > Educate | Eligible student information | Inst. Changed Method |
| Box 4 - Adjustments made for a prior year | Educate > Educate | Eligible student information | Adj for Prior Yr |
| Box 5 - Scholarships or grants | Educate > Educate | Eligible student information | Scholarships and Grants |
| Box 6 - Adjustments to scholarships for a prior year | Educate > Educate | Eligible student information | Adj to Schol Prior Yr |
| Box 7 - Check if amount in box 1 or 2 includes amounts for January - March 2019 | Educate > Educate | Eligible student information | Amts for 2019 Semester |
| Box 8 - Check if at least half-time student | Educate > Educate | Eligible student information | If blank, AOTC Disqualifier = 2, Not enrolled at least half-time |
| Box 9 - Check if a graduate student | Educate > Educate | Eligible student information | Graduate student |
| Box 10 - Ins. contract reimb./refund | Educate > Educate | Eligible student information | Ins Contract Reimb |
Notes
- Boxes 3, 4, and 6 are entered in the UltraTax CS Source Data Entry Utility only, if applicable, and transferred to the input screen for informational purposes. Further research by the preparer will be required to determine if the amounts in these boxes have any tax consequences for the current or prior tax years.
- To determine whether the amount in box 5 is taxable, refer to Publication 970, Tax Benefits for Education. If the amount is determined to be taxable (and it was not reported on Form W-2), open Screen Income in the Income folder, open the Other income statement dialog, and enter code 5 - Txb scholarship not on W2 in the Federal Code column. Then, enter an amount in the Amount column. This amount will appear on Form 1040, line 7.
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