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Why is my fellowship being taxed? Form 1098-t
I received the 1098-T form. The value in box 5 is $15 more than the value in box 1. I received a fellowship for my studies in 2019. The payments were made directly to the school. Upon entering the details on form 1098-T in turbo tax, my total refund drastically reduced, putting me in the negatives. My understanding is that fellowships are tax-free if they are used for tuition, and so forth. I am very confused and appreciate any information.
‎January 25, 2020
6:22 PM