@Hal_Al Sorry I mispoke. The scholarship amount in box 5 is higher than the paid amount in box 1. The school shows their scholarship awarded for both semesters in box 5 (for both spring 2023 and fall 2023) so $37,800. If you sign up for classes on time, the school sends a statement for the following spring semester in mid-December. That means this payment for the spring of the following year would typically show up as a qualified payment on the previous tax year. However, because my son waited until January 2024 to sign up for classes, the amount the school is contributing on the 2023 1098-T is only for one semester instead of two. The total school payments, loans, and parent contributions are $26,882 (parent payment for spring and fall 2023, loan payment for spring and fall 2023, but school contribution for only one semester fall 2023). I assume the amount that is typically posted as the school's contribution in December will be added to the 2024 form. Can I adjust what the school paid as more than they did in 2023 if they didn't post it in their records until 2024? or do I lower the scholarship amount? Sorry for all of the questions. This is the third year I have done scholarships in Turbo-tax but this year because the statement is thrown off it is throwing me off.
