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March 19, 2022
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Where can I report my fafsa refund?

  • March 19, 2022
  • 1 reply
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I have received a $4060 FAFSA refund from my college but I don't know where/which form can I file it. 

Best answer by JillS56

Did you receive a Form 1098-T from your college?   The normal way this is reported is by entering the 1098-T.   Box 1 of the 1098-t reports the tuition and Box 5 reports the scholarship/grant funds received.   The difference between the two is the excess and should equal the $4060 refund.   This excess will be reported as other income.

 

 

 

1 reply

JillS56Answer
March 19, 2022

Did you receive a Form 1098-T from your college?   The normal way this is reported is by entering the 1098-T.   Box 1 of the 1098-t reports the tuition and Box 5 reports the scholarship/grant funds received.   The difference between the two is the excess and should equal the $4060 refund.   This excess will be reported as other income.

 

 

 

Wenh ZhaoAuthor
March 19, 2022

Thank you so much!!!

I already reported my 1098t. I was confused by box 5. 

I really appreciate it.