How to Read a 1098-T
Your accountant, tax preparer or the IRS can best advise you how to use this form when preparing your taxes. Universities may choose whether to report payments received or amounts billed; they are not required to report both amounts. The University of Massachusetts has chosen to report qualified tuition and related expense amounts billed.
Box 1: Payments received for qualified tuition and related expenses.
This box will be left blank on all UMass Lowell 1098-T forms.