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Get your taxes done using TurboTax
Thank you for the reply and information.
Regarding entering the 1098T data into Turbotax for 2021, do I need to adjust Box 1 or Box 5 and how do I answer the Education Expense section question "Did Student's Aid Include Amounts Not Awarded for 2021 Expenses"? (Since technically I have scholarships for Spring 2021 and Fall 2021 but payments for Fall 2021 and Spring 2022)
Likewise, for 2022, will I need to adjust the 1098T data for these three areas to account for the fact that the 2022 1098T will appear to have double scholarships (Spring 2022 and Fall 2022 semesters) but only one payment (Fall 2022 semester)?
Thank you for your assistance.
‎April 6, 2022
6:12 AM