Message Font: Serif | Sans-Serif
No. of Recommendations: 2
After about five minutes of pulling your hair out, remember this post, and just toss [the 1099-T] in the trash.

I understand completely where your coming from. But I would not recommend actually tossing it in the trash. Ignore it, but file it away with the rest of your tax info. If push comes to shove, it at least documents that your student was actually in school. :)


PS - The couple of times I've tried to reconcile out a 1098T, I was successful in pretty short order. But it took very complete records from the taxpayer AND a good print out of billings and payments from the school. And you have to know what the school is and is not required to report on the 1098.
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
Live Video Event Monday!
The GP team is hosting a live video event on Monday at 4 p.m. ET. Don't worry if you can't make it — we'll have a replay and a transcript. Click for more!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.