My 1098-T is lowering my refund amount by around $600. The only thing posted to my 1098-t is scholarships and grants. Boxes 1/2 are blank Why is this?

shadowfox357 · ‎June 3, 2019

KrisD · ‎June 3, 2019

Sounds like the school may have reported the 1098-T wrong.

If the school billed in 2017 and scholarships posted in 2018, the amount that was paid to the school should be reported in Box 1.

If scholarships (in box 5) were reimbursed to you, (not used for education expenses) you'll be taxed on it as income.

KrisD · ‎June 3, 2019

Sounds like the school may have reported the 1098-T wrong.

If the school billed in 2017 and scholarships posted in 2018, the amount that was paid to the school should be reported in Box 1.

If scholarships (in box 5) were reimbursed to you, (not used for education expenses) you'll be taxed on it as income.

Unlock tailored help options in your account.