@MayaDThank you so much!!! I was baffled about how to do that.
So now I am looking at it properly and what I did was subtract box 1 from box 5 and entered this amount in the Turbo Tax prompt that said Enter the Amount You Recived Other Scholarships/Grants/ Fellowships.
But was I supposed to just enter Box 5 here (reflecting the Scholarships and Grants) and then Box 1 will come into play later? When I enter the box 5 amount here, the next question is asking is any of this not designated for 2020 expenses. I am not really sure what this amount would be. (is this amount supposed to be box 1?!) If it helps, box 7 on my 1098 T is checked, indicating that the amount in box 1 included amounts for an academic period beginning Jan-March 2021.
Thank you for everyone's patience, I am really appreciative of your time 🙂 I couldn't have filed my taxes this year if not for the helpful questions posed by others and responses from those in this community.
