I received full tuition remission for my last year in undergrad due to my mom's employment benefits. My 1098 has nothing in box 1 but $18k in box 5, why am I taxed?

[quash1996]

I thought tuition remission for undergraduate tuition was tax exempt?

[KrisD · Accepted solution]

It is exempt, but if the school reported it in Box 5, it should have also reported in in Box 1. 

Click the "What if this is not what I paid?" link under Box 1 on the 1098T screen. Enter the amount of Box 5 that was used for tuition.