HELP!
My son was a senior in 2020. He graduated and got a job and is now on his own and not a dependent.
He received a 2020 1098T that showed receipt of a scholarship of @ #12,000. His tuition for the spring of 2020 was @ $25,000. The tuition was paid in December of 2019 and does not show on box 1 of the 1098T. The scholarship does show on the 1098T. Now, when my son is doing his taxes for 2020, he is seeing his income include the $12,400 scholarship. He never received this money - it went straight to the school and should not be included as his 2020 income.
How does he fix this?