Explaining The Process Of Filing Form 1098-T In TurboTax

Form 1098-T was first introduced in the Taxpayer Relief Act of 1997. This form’s purpose was to help the taxpayers so they could pay for their higher education. The “T” in 1098-T implies the tuition statement, which you can find in the IRS records. It is a report of eligible educational institutions in the US to maintain the record of due and receiving payments from the students.

Source: Form 1098-T In TurboTax