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April 15, 2022
Question

Where do I put that we received $1000 in financial aid for my college son's tuition.

  • April 15, 2022
  • 2 replies
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The 1098 I received is for the full tuition paid and does not subtract the financial aid. Is this ok?

2 replies

Hal_Al
Employee
April 15, 2022

It depends on whether "financial aid" is scholarship or loan.  Loan are not reported. The school usually shows the scholarships received in box 5 of the 1098-T.  If you received additional scholarship, not included in box 5, the TurboTax educational expenses interview will give you a chance to enter that after you enter the 10980T. 

April 15, 2022

What type of financial aide?  If your son received a grant or scholarship it should be in box 5. If you received other types of financial aide, as you walk through the steps after you enter the 1098-T, you will be asked if you received any employer assistance, scholarships or grants.  You can select yes and enter it there. 

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