I did receive the remainder of the $2475 fall 2022 scholarship as a check in April 2023. The school uses the term "refunded" what does that mean in this context exactly? And does it replace any potential refund I could have received for 2023 taxes?
What I'm mainly frustrated about is that the school used part of the $2475 scholarship for FALL 2022 tuition and recorded that whole scholarship as being received in 2023. This prevents me from receiving the AOC because box 5 exceeds box 1 on my 2023 1098T, even though I paid out of pocket in Jan 2023 for my winter session course. If they had reported BOTH scholarships on my 2022 1098T, box 1 would have exceeded box 5 and I would have still been eligible to receive the AOC when I filed my 2022 tax return AND for my 2023 tax return.
To illustrate my potential refunds, I entered my 2022 1098T information in the tax return software and added both scholarships together and the software calculates a refund of about $1200. If they had included both scholarships in fall 2022 I would have nothing in box 5 of my 2023 1098T and I would be eligible for the AOC this year.
It feels like an oversight on the schools end. Is there a way to report my out of pocket tuition so that I can maximize my refund?
Also, I've only received AOC a total of twice.
