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parent님이 2013-03-18 16:40:15.0에 쓰신글
>저희 아이 2012년 Tuition Statement, 1098-T를 받았는데요.
>Box 2 (Amounts billed for qualified tuition and related expenses) 와
>Box 5(Scholarships or grants)에 일정한 량의 금액이 있습니다.
>
>이경우 Box 2의 경우 Form 8863을 통해 그리고 Box 5의 경우 Form 8917을 통해  claim을 할수 있다고 되어 있는데,
>
>1. Box 5의 경우는 부모가 taxability(세금을 내야하는)를 가지고 있는지,
>2. 그렇다면 얼마만큼을 어디에 더해야 하는건지,
>3. 1이 아니라면 이두경우 어떤씩으로 claim을 해야 하는지 궁굼합니다.
>


  “Box 2 (Amounts billed for qualified tuition and related expenses) 와
Box 5(Scholarships or grants)에 일정한 량의 금액이 있습니다. “=====Box 2 represents total amount billed, NOT PAID, for tuition and qualified fees during calendar year 2012 and  the "Amounts Billed" figures in Box 2 of your 1098T do not necessarily equal the "Qualified Expenses" you can claim on your IRS Form 8863 as you file your taxes; The University is required to provide the "amounts billed" and "scholarship or grant figures to help you determine the amount of qualified expenses you can claim on your IRS Form 8863. You may claim an education tax credit only with respect to qualified tuition and related expenses paid (not billed) during the calendar year. You will need to review your payment records to determine the actual qualified expenses paid, NOT billed. Remember that qualified amounts  paid by student loans may count as payments eligible for these purposes. Scholarships and grants (included in Box 5 )received may reduce your eligible payment amounts. The figure in Box 5 - Scholarships or Grants includes scholarships, grants and, if applicable, payments made by a third party under a formal billing arrangement (i.e., outside scholarships, employer provided educational assistance  etc.) which have been administered by the University . If you received other forms of outside scholarships and grants not administered by the University, it is your responsibility to adjust the figure accordingly. Third party payments do not include payments made by your parent or other individuals. Box 1 is not being used this year for reporting purposes.University's are only required by the IRS to fill in Box 1 (Payments) or 2 (Expenses) on a 1098T. you child's school opted to fill in box 2. Most schools will opt for box 2 and report eligible expenses because when reporting payments in box 1 you may only report those payments that go toward eligible expenses. The 0 you see in box one is probably just a place holder for the field so don't worry

“이경우 Box 2의 경우 Form 8863을 통해 그리고 Box 5의 경우 Form 8917을 통해 claim을 할수 있다고 되어 있는데, “========As described above

  “1. Box 5의 경우는 부모가 taxability(세금을 내야하는)를 가지고 있는지, “=====You need to Subtract the amount in box 5 from the amount shown in box 2 and you have the correct amount to report for tuition credits. If the student's aid exceeds tuition and fees, then the tax credit may not be taken. Remember to subtract box 5 from box 2.
2. 그렇다면 얼마만큼을 어디에 더해야 하는건지,
3. 1이 아니라면 이두경우 어떤씩으로 claim을 해야 하는지 궁굼합니다”=========As said above; please read above thoroughly. To apply for the American Opportunity Credit, one should refer to IRS tax form 8863.If  you don't qualify for the American Opportunity Credit, you can apply for the Lifetime Learning Credit. The tax form to be used for Lifetime Learning Credit is the same as the American Opportunity Credit. Refer to IRS tax form 8863.ALSO, NOTE: Tuition and fee deduction is another means to get a deduction as an adjustment to income on your 1040 or 1040A form. The deductible amount may be as much as $4k based on income levels. If your modified adjusted income level is less than $80k for single and $160k for married filing jointly, then you would be eligible to take the deduction. You may not take the deduction if you are  married filing separately or if another person can claim you as a dependent on his or her tax return.