@soodala2k wrote:
Thanks a lot for the reply.
- If so, does the school reflect the refund on 2023, 1098 T? If not, they will issue a revised 2022, 1098 T form and I would face penalty and tax although I spend the refund on 2023 eligible education expenses
According to the instructions for the 1098-T form, box 1 of the 2023 form should include payments and refunds made or paid in 2023 that apply to 2023 only. A refund paid in 2023 for a prior year would be reported in box 4. I don't know what Turbotax does with that information.
@Hal_Al ?
