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May 2, 2021
Question

1098-T (Tuition Statement) Question

  • May 2, 2021
  • 1 reply
  • 0 views

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

    1 reply

    Hal_Al
    Employee
    May 2, 2021

     Leave as is because it is also listed in the Payments Received (Box 1).