That is correct. Box 1 only includes what I paid in 2024 but box 5 $11,192, includes the amounts for 2024 ($4,823) and 2025 ($6,369). This latter amount of $6,369 is credited in the university billing statement for a January 2025 term which was paid in January 2025.
I am not seeing a question in TurboTax asking if any of the Scholarship is for another tax year. Where would I find that? I only received the question asking if any of that $11,192 was already reported on Form W-2 or Form 1099-Misc.
You stated that I would need to reduce the amount in 2025 1098-T Box 1 by this amount. Why would I not increase the amount in 2025 1098-T Box 5 instead?
