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Why does my daughter's 1098T has a much smaller amount in box 1, in box 5 the amount more than doubled she did not receive this money back it went for room and board?
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Box 1 is only for tuition and fees which are qualified expenses. If your daughter is being claimed as a dependent, you enter the 1098-T on your tax return. The excess scholarship that paid for room and board is taxable income on your daughter's tax return and the 1098-T must also be entered on her tax return.
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