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Get your taxes done using TurboTax
While it is correct that room, board and meals are considered taxable income, and you may have a discrepancy in your calculation regarding box 5, It is important to record the 1098-T exactly as it appears, because the IRS will receive these numbers as well. The summer school tuition recorded on the 1098-T is fine because the cash received as a refund went straight to the tuition.
‎February 25, 2021
7:15 AM