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March 1, 2025
Question

How do I adjust scholarship amount on 1098-T

  • March 1, 2025
  • 1 reply
  • 0 views

The school included 2025 scholarship dollars on the 2024 1098-T.

When I searched for a way to fix this, posts here said to go to the screen that asks "Did Aid Include Amounts not Awarded for 2023 Year?'."

How do I get to that screen?  The posts did not say no is TT steering me to that important screen when editing the 1098-T information. It appears this is a very common problem with 1098-T.

    1 reply

    March 2, 2025

    You will mark "Box 1 includes amounts for academic period beginning January - March 2025 on the 1098-T entry screen.  To do this in TurboTax, follow these steps:

     

    1. Sign into TurboTax
    2. Click Deductions and Credits
    3. Click Edit next to 1098-T
    4. Choose Edit next to the 1098-T you want to change
    5. Scroll down on the "Type in the info from 1098-T screen" until you see "Box 1 includes amounts for academic period beginning January - March"  and mark the box (See screenshot below)j

     

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
    May 27, 2025

     

    When I did just that, TurboTax Deluxe Desktop never asked me about splitting the amounts.

     

    Should it have?

     

    Q

     

     

    May 27, 2025

     

    I think the answer to my question is "no". Apparently, checking Box 7 on the 1098-T has no material affect on the TT interview at all.

     

    Is that right?

     

    Thanks!

     

    Q