ThomasM125
Expert Alumni

After you file

@lexia19 I'm not sure what you mean by "full ride", but I assume it means you don't have to pay anything for your education. If so, then you would have taxable income equal to the amount of your scholarship income that was more than the cost of your tuition and other qualifying education expenses.

 

The box 5 amount less the box 1 amount on your 1098-T would be the reported amount of your scholarship income that needs to be reported on your income tax return as wage income, less any qualifying education expenses not included in the box 1 figure on your 1098-T form.

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