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New Member
posted Feb 12, 2025 8:26:48 PM

1098t

Was any of your financial aid already included as income what does this mean?

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1 Replies
Expert Alumni
Feb 12, 2025 8:33:28 PM

It means that the program is asking if the amount in Box 5 of the 1098-T (scholarships) was ALSO already entered, such as on a W-2 or 1099.

 

Sometimes, but not often, an employer will send funds (Scholarship) to the school (so it will show in Box 5), but then also list the same amount on the employee's W-2.  Some sponsors will pay the school (Box 5) and also send the student Form 1099-MISC. 

 

It is asking if you are entering the same amount twice.

 

It doesn't happen often.