TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Community

Question

Do you need to account for the yellow ribbon program as a scholarship for college tuition?

Forum|Forum|4 years ago
February 4, 2022
2 replies
0 views

I have a 1098-T but the scholarship $ in box 5 is less than the total Post 9-11 GI bill yellow ribbon $

TurboTax Live Premier Online

You don't need to account for your Post GI bill education assistance. Your GI bill education benefits are not taxable, so you should just report the amount in box 5 on your form 1098-T.

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

Why are the institutions putting the amounts received from GI Bill and Yellow Ribbon in Block 5 if they are NOT taxable? There should be a separate box for VA benefits.

Employee

Q. Why are the institutions putting the amounts received from GI Bill and Yellow Ribbon in Block 5 if they are NOT taxable?

A. You'll have to ask the school that question. In my opinion it's part they don't know any better and part they think they're being helpful. Note the original poster's confusion because it wasn't in box 5.

For most people it's not really "wrong", if box 1 is more than box 5 by more than $4000.

Employee

Q. Do you need to account for the yellow ribbon program as a scholarship for college tuition?

A. Yes. You may not claim the tuition credit based on tuition paid by GI/Veterans Benefits. So, if box 5 does not include some of your benefits, you need to tell TurboTax (TT) that you received that. After entering the 1098-T, TT will ask if you had any other assistance (employer, GI, other grants).

As I understand the "Yellow ribbon" program, the school gives you a scholarship and the VA matches that amount. The box 5 amount is probably only the amount the school provided and does not include the GI bill part.