JamesG1
Employee Tax Expert

Get your taxes done using TurboTax

If I understand your situation correctly, there is only one 1098-T.  Box 1 reads $19,190.  Box 5 reads $5,445.  I presume that Box 8 is also checked?  If the above is correct, I wonder whether you told TurboTax that the scholarships paid one or more of these items?

 

If you use your scholarship to pay for any of these, it counts as income and the amount paid is taxable:

  • Room and board
  • Travel and incidental expenses
  • Any fees, books, and supplies or equipment that aren't required for your courses

Use these steps.

 

  • Click on Deductions & Credits.
  • Click 'edit' next to Expenses and Scholarships.
  • Under Your Education Expenses Summary, click 'edit'.
  • Under 'Scholarships / Grants, click 'edit'.
  • Did Nathan Receive a Scholarship or Grant in 2019?, click 'continue'.
  • Did Nathan's Aid Include Amounts Not Awarded for 2019 Expenses?, click 'continue'
  • Under Did Nathan Pay for Room and Board with a Scholarship or Grant?, click 'No'.  Click 'continue'.

You should be able to confirm from the University's bursar or billing statement whether the scholarships in question did, in fact, pay only the room and board.  I suspect that the statement will show that it did not.

 

 

 


 

 

 

 

 

 

 

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