AmyC
Expert Alumni

Get your taxes done using TurboTax

@Myang3   You will want to keep that form for next year. You will want to be able to show the IRS, if they ask in a few years, that it was used in 2021. You may want to print your bursar account showing your acceptance versus when it was applied and used. That is great proof that this is not taxable income- just poor timing.

 

You will want to reduce education expenses for 2021 by this amount. The school may well do this again next year. It is a common frustration. Just keep your records straight and a copy of your bursar account. Claim what is actually paid and received  for the year.

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