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1098-T Questions for 2020

1098 T

This time of year, I begin to receive questions related to the 1098-T. As an eligible educational institution, Indiana University is required by the Internal Revenue Service to file an annual Tuition Statement (Form 1098-T) for each student who is a U.S. citizen or permanent resident pursuing a degree, and for whom a reportable transaction is made (i.e. tuition, course-related fees and any scholarships or grants received). This information is provided to assist taxpayers in determining eligibility for claiming Education Tax Credits or Deductions enacted by the Taxpayer Relief Act of 1997. If you are filing and your tax preparer or parents are asking about this document, please go to the link provided below to get the document you will need.

IU is not required to create the 1098-T for the following students:

• Students whose financial aid in scholarships and grants is greater than tuition and fees paid

• Students whose entire tuition and related expenses were paid under a “formal billing arrangement” such as a graduate or doctoral student grant, HPSP or NHSC payment.

1098-T Information

The 1098-T is required to be post-marked by January 31. These forms will be delivered to students through electronic delivery or through traditional mail delivery. Students choosing electronic delivery will receive the form earlier through www.One.IU.edu and will be notified by email when the form is available to retrieve.

Students who have not consented for electronic delivery will be mailed a paper version of Form 1098-T to the Student Home Address listed in university records as of January 31. A printed duplicate copy request will not be fulfilled until mid-February.

However, students can receive a duplicate copy through one.iu.edu Student Self-Service once the forms are printed. Once you consent to electronic delivery all prior year forms will become available if you received a form.

The views expressed in this content represent the perspective and opinions of the author and may or may not represent the position of Indiana University School of Medicine.
Author

Jose Espada

Jose Rivera Espada is the director of financial aid at IU School of Medicine, a nine-campus allopathic medical school in Indiana. Jose’s experience includes working as an assistant director of financial aid at Butler University and a financial aid coun...