Quote:
Originally Posted by Like2Plan
The paperwork we have received does not match up because they don't include room and board and books on the 1098T. I believe this year, the IRS is also allowing a computer (I have to check on that). You can buy your books anywhere, so the school wouldn't have any way to report what you spent. (I don't know why they don't include room and board since it is paid to the school. )
I have a feeling the forms will evolve as time goes on.
|
Precisely. I mentioned that the 1098T was certainly not all inclusive. The IRS is certainly aware - it's not like you will get audited because you withdrew a reasonable amount for room and board.