1098-T from my son's college website record has a lower amount in box 1 (used on tax return) than the 1098-T official form the college mailed to him recently - advice?

[Hal_Al · Accepted solution]

The 1098-T is only any informational document. The numbers on it are not required to be entered onto your tax return. However receipt of a 1098-T frequently means you are either eligible for a tuition credit or deduction or possibly your student has taxable scholarship income. 

If you claim the tuition credit, you do need to report that you got one (the TurboTax interview will handle this)

You claim the tuition credit, or report scholarship income, based on your own financial records, not the 1098-T. In the 1098-T screen, click on the link "What if this is not what I paid the school" underneath box 1. You will then be able to enter the actual amounts paid. 

[mgwinter]

Thank you for the ready response and insight, I do appreciate it!

[mgwinter]

 A double thank you, since I've not filed my taxes yet, I updated my tax return and it is resulting in an increased credit to me!