Box 1: Payments received for qualified tuition and related expenses
This box will be left blank on all UM 1098-T forms. Universities may choose whether to report payments received or amounts billed on student accounts; they are not required to report both amounts. UM has chosen to report qualified tuition and related expense amounts billed.
Box 2: Amounts billed for qualified tuition and related expenses
In general, this box will contain the sum of all tuition, course fees, and activity fees billed to a student’s account during a calendar year, less any amounts by which tuition was reduced due to a reduction in course load or withdrawal. Decreases in amounts due on a student’s account due to scholarship payments, student payments or other payments are not included in the Box 2 amount.
Amounts billed to a student account for housing, meal plans, parking, health insurance, Griz Card, or other non-required fees will not be included in the Box 2 amount.
Please note that when the Hope Scholarship or Lifetime Learning Credit is taken on the federal income tax return, the calculation of the credit is based on the amount of qualified educational expenses actually paid by the taxpayer during the calendar year. The University of Montana reports amounts billed to a student’s account. Therefore, the amount you use to calculate your education credit will not necessarily be the same as the amount that appears in Box 2. Also, see Box 7 for additional information about amounts billed in this calendar year that are for a semester in the next year.
This box will be left blank, since The University of Montana has not changed its current method of reporting from the previous year.
Box 4: Adjustments made for a prior year
The amount in this box should be the sum of all reductions in tuition (refunded or not) related to amounts billed in a prior year. This amount is reported as a positive number per IRS requirements. However, it is actually a decrease to the amount that was reported on a prior year 1098-T.
Box 5: Scholarships or grants
This box contains the sum of all scholarships that The University of Montana administered and processed for the student’s account during the calendar year. Scholarships that pay for tuition (qualified scholarships) as well as for housing, books, and other expenses (non-qualified scholarships) will be included in this amount. Tuition waivers and payments received from third parties that are applied to student accounts for educational expenses are included in this box.
Box 6: Adjustments to scholarships or grants for a prior year
Decreases or refunds of scholarship amounts related to scholarships reported in a previous year are included in this box. This amount is reported as a positive number per IRS requirements. However, it is actually a decrease to the amount that was reported on a prior year 1098-T.
This box will be checked if the amount reported in Box 2 includes tuition or qualified amounts billed to a student account in the current year that pay for a semester beginning in the next calendar year. For example, tuition billed in December 2009 for Spring 2010 will be reported on a 2009 1098-T. Box 7 will be checked to indicate that this is the case.
A check in this box indicates that you are or have been enrolled at UM at least half-time for at least one semester during the calendar year.
If you are at least a half-time student for at least one academic period that begins during the year, you meet one of the requirements for the Hope credit. You do not have to meet the workload requirement to qualify for the tuition and fees deduction for the Lifetime Learning credit.
This box will be checked if you are a student enrolled in a program leading to a graduate-level degree. If you are enrolled in a graduate program, you are not eligible for the Hope credit, but you may qualify for the tuition and fees deduction or the Lifetime Learning Credit.
This box is not used by UM, so it will be blank. It shows the total amount of reimbursements or refunds of qualified tuition and related expenses made by an insurer.
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Emma B. Lommasson Center
The University of Montana
Missoula, MT 59812