My daughter’s 1098-t had 2024 tuition on her 2023 1098-t but scholarships in 2024. Tuition was paid in 2024. How do I offset the income with tuition reported in 2023?

[ThomasM125]

When you enter the Form 1098-T, you will have the opportunity  to enter the actual amount of tuition paid. You need to choose the option below the box 1 entry in TurboTax that says What if this is not what I paid this school? Then you will see an option enter the amount paid in 2024:

[Hal_Al]

The 1098-T is only an informational document. The numbers on it are not required to be entered onto your tax return. However receipt of a 1098-T frequently means you are either eligible for a tuition credit or possibly your student has taxable scholarship income. 

If you claim the tuition credit, you do need to report that you got one or that you qualify for an exception (the TurboTax interview will handle this)

You claim the tuition credit, or report scholarship income, based on your own financial records, not the 1098-T. In the 1098-T screen, click on the link "What if this is not what I paid the school" underneath box 1. You will then be able to enter the actual amounts paid. You will also reach a screen that allows you to adjust the scholarship amount for "amounts not awarded for 2024 expenses".

Or if you find it easier, just change the numbers in boxes 1& 5 to what your records show. The 1098-T that you enter in TT is not sent to the IRS.