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Lifetime Learning Credit (1098-T) There is no limit on the number of years the lifetime learning credit can be claimed for each student. However, a taxpayer cannot claim both the Hope or American opportunity credit and lifetime learning credits for the same student in one year.
It is generally recommended to file as soon as possible if you have missed the deadline to file form 1098 as the penalty increase with time. The penalty is: If you file within 30 days of the deadline the penalty is $30 per 1098 form with a maximum of $250,000 per year or $75,000 for small businesses.
Use Form 1098 (Info Copy Only) to report mortgage interest of $600 or more received by you during the year in the course of your trade or business from an individual, including a sole proprietor.
Your college or career school will provide your 1098-T form electronically or by postal mail if you paid any qualified tuition and related education expenses during the previous calendar year.
Even if you didnt receive a 1098-E from your servicer, you can download your 1098-E from your loan servicers website. If you are unsure who your loan servicer is, log in to StudentAid.gov or call the Federal Student Aid Information Center at 1-800-4-FED-AID (1-800-433-3243; TTY 1-800-730-8913).
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How Do I Get My 1098 Form? Your mortgage lender sends your Form 1098 to you, generally by the end of January of the filing year. Some lenders may make their tax forms available online, in which case you should check your account to download.
You can download your 1098-E from your servicers website. (You cant download your 1098-E from StudentAid.gov.) If youre not sure who your loan servicer is, you can log in to StudentAid.gov to get your servicers contact information. You can also call the Federal Student Aid Information Center at 1-800-433-3243.
If you receive mortgage interest of $600 or more in the course of your trade or business, you are subject to the requirement to file Form 1098, even if you are not in the business of lending money.

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