Example 1 - Adjustments to Amounts Billed
Boxes Affected:
- Box 2: Amounts Billed for Qualified Tuition and Related Expenses
- Box 4: Adjustments Made for a Prior Year
On November 19, 2007, Student X was billed $7,620 for 8 units for the Winter quarter which began in January 2008. Form 1098-T for 2007 will show $7,620 in Box 2.
| Student X 's 2007 Form 1098-T |
- Box 1 – blank
- Box 2 – $7,620 (Billed pre-enrolled tuition amount on November 19, 2007)
- Box 3 – blank
- Box 4 – blank
- Box 5 – $0.00
- Box 6 – $0.00
- Box 7 – checked (Indicate that Student X was billed for a future period)
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In January 2008, Student X added 4 more units for a total of 12 units ($11,500) for the Winter quarter. This triggered a reduction in pre-enrolled tuition and an increase in tuition in Winter quarter.
| Student X 's 2008 Form 1098-T |
- Box 1 – blank
- Box 2 – $11,500 (Billed tuition for actual amount on January 19, 2008 based on added units)
- Box 3 – blank
- Box 4 – $7,620 (Represent the reduction in pre-enrolled tuition amounts in Box 2 for November 2007)
- Box 5 – $0.00
- Box 6 – $0.00
- Box 7 – This box is checked if Student X was billed for a future period
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