1098-T (Tuition Statement) Question
The Scholarships (Box 5) were higher than the Payments Received (Box 1) for qualified expenses. I requested a breakdown from the university and seen that they applied a portion of the scholarships to Room & Board Expenses which I have to add to my child's income. They also applied a portion of the scholarship to 2021 Tuition and listed this scholarship both in the Scholarships (Box 5) and the Payment Received (Box 1). Do I deduct the amount applied for 2021 Tuition from the Scholarships (Box 5) or leave as is because it is also listed in the Payments Received (Box 1).
Thanks