Bursar's Office

Taxpayer Relief Act of 1997 - Explanation of 1098-T Form

Box 1- This box will be blank. The University of Tennessee has elected to report the amount billed.

Box 2- The amount billed to the student for qualified tuition and related expenses less any related reimbursements or refunds for the calendar year. Health fees and counseling fees are not qualified; therefore the full amount of the Program and Services Fee to the student will not be reported.

Box 3-Shows whether the University of Tennessee changed its method of reporting for the given tax year. This box will not be checked.

Box 4-Beginning calendar year 2004 it is the amount of any adjustments made for a prior year for qualified tuition and related expenses that were reported on a prior year Form 1098-T. This amount may reduce any allowable education credit you may claim for the prior year. See Form 8863 or the IRS Pub 970 for more information.

Box 5- This box includes the total of all scholarships, grants, internal NPE’s and fee waivers administered and processed by the University.

Box 6- Beginning calendar year 2004 it is the amount of any adjustments made for prior year scholarships, Internal NPE’s grants, and fee waivers that were reported on a prior year Form 1098-T. This amount may reduce any allowable education credit you may claim for the prior year. See Form 8863 or the IRS Pub 970 for more information.

Box 7- This box will be checked if the amount in Box 2 includes amounts for an academic period beginning January – March 2007. See the IRS Pub. 970 for how to report these amounts.

Box 8- Indicates whether you are considered to be carrying at last one-half the normal full-time workload for your course of study at the University of Tennessee. If you are at least a half-time student for at least one academic period that begins during the year, you meet one of the requirements for the Hope credit. You do not have to meet the workload requirement to qualify for the tuition and fees deduction or the lifetime learning credit.

Box 9- Indicates whether you are considered to be enrolled in a program leading to a graduate degree, graduate-level certificate, or other recognized graduate-level educational credential. If you are enrolled in a graduate program, you are not eligible for the Hope credit, but you may qualify for the tuition and fees deduction or the lifetime learning credit.

Box 10- This box will always be blank on 1098-T form the student receives from the University of Tennessee.