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Printable Form 1098-C Rhode Island: What You Should Know

To learn more, see  What Does Form 1098-T Include? Form 1098-T: Nonrefundable (Non-GST) Education Tax Credit Form 1098-T is a tax form for individuals who have received a scholarship or fellowship and who have failed to pay income tax on that scholarship or fellowship. What Are Qualified Tuition and Unqualified Expenses? A qualified scholarship or fellowship (as defined below) is generally an amount paid to a student for enrollment in (or attendance at) a qualified educational program. It includes: a public or private elementary or secondary school, state university, college, technical or vocational training school, or a similar institution of higher education a religious or nonreligious college or university a place of religious worship, a religious, charitable, or education institution, or a similar institution of higher education. These amounts are deductible under section 151 (d)-1 (3) of the Internal Revenue Code (IRS). This section allows you to deduct the qualified tuition and expenses amount. However, some students can only claim a section 862 (d) scholarship or fellowship when it is attributable to a public institution, and you are not able to deduct the amount as a section 861 (a) scholarship or fellowship. This includes the following: a federal or state grant made under the following provisions: Provided, that no amount attributable to qualified scholarships, fellowships, bursaries, or grants, paid or payable by the United States under any law, including this Act, shall be taken into account under section 151(d)-1 (3) in determining the amount to be taken into account under section 151(d)-1(1) with respect to any student who is a member of the Armed Forces of the United States on active duty outside the United States. Provided further, that no amount attributable to qualified scholarships, fellowships, bursaries, or grants, paid or payable by the United States under any law, including this Act, shall be taken into account under section 151(d)-1 (3) in determining the amount that would be taken into account under section 151(d)-1(1) with respect to any student who is a member of the Reserves of the United States Department of Defense.

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