For information on form 1098-T, including how to get a copy of your 1098-T, please visit the Business and Financial Services Website FAQ page (1098-T FAQs) and navigate to the “Tax Information” section. The 1098-T reflects a summary of the qualified educational expenses, as well as fellowship support processed through the University system on your behalf, based on information on file at the University. This information may be of use to you in determining the qualified educational expense. In addition, the site also provides information about the American opportunity tax credit (AOTC) and the lifetime learning credit (LLC).
Students are advised to retain fellowship award letters, fellowship stipend information, payroll wage information, as well as receipts and documents that show the total amount of your support and qualifying educational expenses. UCSB students may log in to BARC for relevant data.
Note that the tax year (calendar year) and the academic year are different. Income received during the calendar year should be reported on that year's tax return.