Frequently Asked Questions
In previous years, your 1098-T included a figure in Box 2 that represented the qualified tuition and related expenses (QTRE) we billed to your student account for the calendar (tax) year. Due to a change to institutional reporting requirements under federal law, beginning with tax year 2018, we are reporting in Box 1 the amount of QTRE you paid during the year.
What is a 1098-T tax form?
Form 1098-T, Tuition Statement, is furnished by Southwestern to students each year. It indicates the amount you were billed for qualified tuition expenses in 2019. The form is distributed to inform you that you may be eligible to claim an education credit or deduction on your income tax return. If you have questions regarding your eligibility to claim the tax credit or deduction, please consult a tax preparer.
What are students supposed to do with the form when they receive it?
The dollar amounts reported on your Form 1098-T may assist you in completing IRS Form 8863 – the form used for calculating the education tax credits that a taxpayer may claim as part of your tax return. (You can find detailed information about claiming education tax credits in IRS Publication 970, page 9.)
When do students receive the 1098-T form?
The Business office sends 1098-T forms out to students by January 31st of each year.
Students who have opted in to electronic receipt of the 1098-T form in WebAdvisor (recommended) will receive an email notifying them when their 1098-T form is ready to view and print in WebAdvisor.
A paper copy of the 1098-T forms is completed and mailed on or before January 31st for students who did not opt for electronic delivery. The 1098-T form is mailed to the student at the current address listed on WebAdvisor.
Why didn’t I receive a 1098-T?
If you have not received your Form 1098-T, it was likely returned to us as undeliverable by the post office. The most common cause of this is an incorrect address. To ensure we have your correct address, please confirm your address on WebAdvisor or call the Registrar at 817-923-1921, ext. 2000.
You may also access your 2019 Form 1098-T in the Financial Information section on WebAdvisor. Login to WebAdvisor then click on “Student Tax Information” then select the first option. Click on the link below to download your form.
Another reason a Form 1098-T may not have been created for you is because we do not have a social security number on file for you. The IRS requires that we collect the student’s social security number and include it on the form. Please email firstname.lastname@example.org for a Form W-9S and we can generate a 1098-T for you. You may email it back, fax it to 817-921-8759, or bring it by the business office in S-109.
How do I opt in for Electronic delivery?
Login to WebAdvisor then click on “Student Tax Information” and select the first option. Click on the link below to download your form. You can do this at any time to view your form on WebAdvisor.
I’m no longer a student, how do I get into WebAdvisor?
Even if you are no longer enrolled, you may still access WebAdvisor using the same username and password you used when you were enrolled. If you do not remember your username or password, please click “What’s My Password?” in the bottom right corner of the WebAdvisor homepage: http://webadvisor.swbts.edu. Forms 1098-T are available under the Financial Information heading on the student menu.
Where is the Cooperative Program Discount?
The Cooperative Program Scholarship is handled a bit differently than financial aid. Since it is applied to all students who are members of a Southern Baptist Church, it is applied as a reduction of the amount of tuition billed. Thus, any figure in box 2 is net of the Cooperative Program Discount.
If your question is not answered here, please email 1098T@swbts.edu.