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Get your taxes done using TurboTax
Haven't had to consider education expenses for a long time and am confused about what goes in the TurboTax 1098-T worksheet, specifically Reconciliation of Box 1, Payments Received for Qualified Tuition and Related Expenses. The 1098-T from the University Block 1 shows they received $16000; block 5 shows the $9000 scholarships student received. This is student's first college semester, so both numbers apply to 2019 only. What are the (A) not paid in 2019, and (B) actually paid in 2019 worksheet lines referring to? In this case scholarship money partially covered Block 1 tuition, and parents paid the remaining $7000.
‎April 3, 2020
7:27 AM