- My Forums
- Tiger Rant
- LSU Score Board
- LSU Recruiting
- SEC Rant
- SEC Score Board
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Filing an Amendment - Help
Posted on 4/20/17 at 8:33 am to The Spleen
Posted on 4/20/17 at 8:33 am to The Spleen
quote:
It is, but I'm not sure how including a 1098T generated a $1200 balance due, but removing it generated a $1800 refund. 1098T is for college tuition, which generates credits and deductions, so including it should have reduced the tax liability, and removing it should have increased it.
Yeah that's what I was thinking. To have the situation OP said, you'd have to be including income that doesn't belong to you
1
Posted on 4/20/17 at 9:37 am to Weagle25
quote:
you'd have to be including income that doesn't belong to you
In a sense he was. The 1098T includes monies from grants and such. Total Grants minus the tuition left him with a large sum of cash to use for rent, books, food, etc. This money was being taxed as additional income.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News