How to use PIQ_US_1098T - 1098T: Tuition Statement Reporting

SAP Transaction Code - Details

• Transaction Code: PIQ_US_1098T

  Description: 1098T: Tuition Statement Reporting

  Release: S/4HANA and ECC 6

• • Program: RHIQ_US_1098T

    Screen: 1000

    Authorization Object:

  • Development Package: PMIQ_US

    Package Description:

    Parent Package:

  • Module/Component:

    Description:

Smart SAP Assistant

• SAP Tcode: PIQ_US_1098T - 1098T: Tuition Statement Reporting

  
  Overview:
  The SAP transaction code PIQ_US_1098T is used to generate 1098-T Tuition Statement Reports. This report is used to report tuition payments made by students to educational institutions. It is required by the Internal Revenue Service (IRS) for tax filing purposes. 
  
  Functionality: 
  The PIQ_US_1098T transaction code allows users to generate 1098-T Tuition Statement Reports. This report includes information such as the student’s name, address, and Social Security Number (SSN), as well as the amount of tuition payments made by the student during the tax year. The report also includes information about any scholarships or grants received by the student. 
  
  Step-by-step How to Use: 
  1. Enter the transaction code PIQ_US_1098T in the command field. 
  2. Select the “Generate 1098-T Tuition Statement Report” option. 
  3. Enter the student’s name, address, and SSN in the appropriate fields. 
  4. Enter the amount of tuition payments made by the student during the tax year in the appropriate field. 
  5. Enter any scholarships or grants received by the student in the appropriate fields. 
  6. Select “Generate Report” to generate the 1098-T Tuition Statement Report. 
  7. Print or save a copy of the report for your records and for filing with your taxes. 
  
  Other Recommendations: 
  It is important to note that this transaction code should only be used for generating 1098-T Tuition Statement Reports for students who have made tuition payments during the tax year. It should not be used for any other purpose, such as generating reports for other types of payments or for other types of taxes. Additionally, it is important to ensure that all information entered into this transaction code is accurate and up-to-date in order to ensure accurate reporting to the IRS.