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Anonymous
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My 1098-T is producing taxable income for scholarship money that should have been exempt as qualified tuition expenses.

 
1 Reply
IsabellaG
Expert Alumni

My 1098-T is producing taxable income for scholarship money that should have been exempt as qualified tuition expenses.

If your 1098-T shows more scholarships in box 5 than your qualified tuition shown in box 1 or box 2, you will show taxable income.

But if you actually paid more in tuition than the school shows in box 2, you can show that in TurboTax by clicking What if that is not what you paid? and adding the correct amount paid in 2016. See the screenshot.

Or if you paid for other expenses besides tuition,you can include them after you enter your 1098-T.

If the 1098-T is incorrect, you should request that a corrected form be issued.

If you have additional details, please comment back here.

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