Question
1098-T Fellowships and Health insurance
I'm a graduate student and get paid by a fellowship. Therefore, my payment comes through on my 1098-T. The 1098-T reports the cost of tuition as well as the total scholarship I received. The scholarship includes tuition, my stipend, and my health insurance. I'm taxed on my scholarship minus tuition. Therefore, I'm getting taxed on my total scholarship, which is my stipend + health insurance. Is it correct to get taxed on my health insurance (paid by my fellowship) as if it were cash income that I received?
