Can I report an academic scholarship received for college in 2022 and 2023 if received in 2022? Scholarship from high school and nonprofit organizations.

[MR705]

Not reported on 1098-T

[Hal_Al]

It depends on what "received" means. If the money was sent to the school, you report in the year it was applied by the school to your account for  college expenses. If the money was sent to you, it is applied to 2022 expenses or reported on your 2022 return. 

What is it that you're trying to accomplish?

[KrisD15]

If you received the scholarship funds in 2022, yes, report those funds. 

If the scholarship is to cover expenses for the first three months of 2023, and those expenses were paid in 2022, also claim those expenses. (That should be included in Box 1 of your 1098-T)

If the scholarship is to cover expenses for the first three months of 2023, and those expenses were NOT paid in 2022, you can wait and claim the scholarship on your 2023 Tax Year return if you want to match up those expenses with the scholarship OR claim the scholarship as income for 2022 and claim the expenses on your 2023 return.