You know that from your own records. Basically, you have your answer: the value of military tuition assistance and pell was higher than tuition. Tuition, fees and course materials (books, computers and software) are qualified expenses. Room and board are not.
I should specify more now that I'm not limited by the number of characters. I am being asked the question "Did Your Aid Include Amounts Not Awarded for 2019 Expenses?" It states that schools sometimes will NOT report education expenses and the corresponding scholarship income on the same year's Form 1098-T." Would I select yes or no from that option, and if yes, how would I know how much of what I earned was not designated for 2019 expenses; the example makes it look as if it means that some scholarship money was meant for the previous year.
Yes I have same situation on my 1098 T ...but it looks like the rest of the aide is going towards 2021 Qualified expenses. So to the question I put yes? It asks how much of the 12472 received in scholarships and grants or other aid was not designated for 2020? Do I subtract the 6400 from 12472 and put difference received in that box which would be 6072.00
Box 1 6400 Payments received.
scholarships and grants in box 5 is 12472. No other amounts in other boxes. Box 8 and 9 are checked and Box 7 is checked. Box 7 says Check if box 1 includes amounts for academic year Beginning January to March 2021. I’m so sorry it’s very confusing. I’ve also read The difference has to be reported as income but I never received it . I never received any refund from the school so why would I claim it as income and it looks like the rest of scholarship is going towards 2021. None of the scholarship money or aide goes towards anything but qualified expenses. I graduated in May 2020 with Bachelors degreeand I started in the fall 2020 to do my masters. First time the 1098 T is different showing more in box 5. Thanks
Q. Do I subtract the 6400 from 12472 and put difference received in that box which would be 6072?
Q. The difference has to be reported as income?
A. No. Or more exactly, once you make the adjustment, there is no longer a difference to be taxable.