1098-T Eligibility

This column allows you to assign the 1098-T related value to the selected transaction. This value is written to the Transaction History table and prints on the 1098-T Report.

Valid values for 1098-T Reporting are:

·       B (1098-T Eligible Box 1 and Box 5 Non-Financial Aid Source Codes)

·       C (1098-T Eligible Charge)

·       G (1098-T Eligible Grant/Scholarship)

·       M (1098-T Manual Adjustment to Box 4)

·       N (1098-T Not Eligible)

·       P (1098-T Eligible Payments)

Unless the transaction is for a refund, 1098-T values may be created or modified. To do this, right-click in the 1098-T Eligibility column and choose Maintenance Screen.

Transaction Entry window

This column is displayed for all source codes that have been marked as eligible for the 1098-T calculation on the Source Code window.  Select the appropriate value from the drop-down list. This list displays values from TABLE_DETAIL with the column name of 1098T_designation.

A/R Charge Entry window

If the 1098-T Eligibility column is populated on this window, both the Year and Term columns are required.