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Deductions & credits
She used the 529 to cover education expenses that were not paid to the university such as buying a computer, books, etc.
Her scholarships exceeded her university expenses so the university sent her the difference. The schools policy states they will not issue a 1098T if a student's scholarships exceed their university expenses.
Given the info I have provided above I'm not sure how to proceed with the advice you have provided. Can you please clarify? Is my daughter basically to create a 1098T in her Turbo Tax filing? Thank you.
ā€ˇFebruary 5, 2021
5:07 PM