Why is “box 7” checked off on my 1098-T?

Modified on Mon, 27 Jun 2022 at 12:32 PM

Box 7 on the form 1098-T indicates that the amount in Box 1 includes amounts paid during the tax year for an academic period that takes place in the next calendar year.  If this box is checked, you may be eligible to claim a tax credit in either year.  You should consult a licensed tax preparer for specific information about your potential eligibility.

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