Your 1098-T tax form
The following message was sent to students and recent graduates
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Dear Wake Forest Students and Recent Graduates,
We hope this message finds you well. As tax season approaches, we wanted to write to you with information related to your Form 1098-T. This form is for informational purposes only and serves to alert students that they may be eligible for federal income tax education credits. As a reminder, information reported on the 1098-T is based on activity from the previous calendar year (January–December 2020) and not an academic year.
If you have consented to receive your 1098-T electronically, it is now available for viewing using the directions below.
If you have not provided consent for electronic delivery of your 1098-T, a paper form will be mailed to you by January 31, 2021.
You may access your 2020 1098-T tax form online via the Wake Information Network (WIN). Please follow the steps below to access your form online:
- Log into WIN* and navigate to the Personal tab.
- Select the 1098-T Tax Form link.
- Select tax year 2020 from the drop down menu and click Submit.
* If you are a recent graduate, you can still access WIN using your student credentials. If you forgot your password, you can reset it by visiting account.wfu.edu and providing your WFU username, last name, birthdate, and ID number. You will then be asked to verify your account through a recovery email address or phone number. If you are unable to recover your account, you may contact the Service Desk for additional assistance. Your access to WIN will remain available through tax season (April 2021).
If you were the recipient of a non-qualified scholarship that provided for on-campus room & board in the spring semester of 2020, please note these amounts are included in Box 5 on your 1098-T. Because this on-campus room & board were unavailable to you as a result of campus closing due to the pandemic, you should consult your tax advisor to determine the appropriate reporting of this non-qualified scholarship.
If you were the recipient of emergency aid related to reasonable and necessary personal or living expenses resulting from the COVID-19 pandemic, this aid is considered a qualified disaster relief payment and is not taxable. These amounts are not reportable on the Form 1098-T and are not included in any Box on the form. Please consult your tax advisor for additional information.
NOTE: The 1098-T form should not be considered a tax opinion or as tax advice. It is the responsibility of each taxpayer to determine if they are eligible to receive education tax credits and how to calculate related amounts, if any.
For more information regarding the 1098-T tax form, including frequently asked questions, please visit the Student Financial Services website.
We wish you all the best,
Student Financial Services