Hi,
I have a situation that has been frustrating me. I received a 1098-T from my school and box 5 has a scholarship amount of $9444 that the school awarded me. According to them, this was generated on 12/22/2020. Not sure if this matters, but I did not accept any aid until 12/28/2020 as I didn’t officially decide to attend the school until 12/28/2020. Furthermore, there is no tuition amount in box 1 at all. Basically, the 10980-T form looks like I received a scholarship with no tuition paid. So it looks like I received free money when I literally received nothing. I started the semester in January 2021 (tuition was something like $37,000 including the scholarship I got and loans) and my loans obviously all came through in 2021 and not 2020. So, I am confused by this. Do I need to file the form? If I do, I actually owe money. Just frustrating to me for the school to do when I wasn’t even a student in 2020 at all. Can someone shed some light? Thank you in advance!!
