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Deductions & credits
Was the scholarship more than her education expenses?
If the scholarships/grants exceed the qualified education expenses, then the student will report the 1098-T and all other educational expenses and scholarships/grants on the student’s tax return. The student will pay taxes on the amount of scholarships/grants that are not used for qualified education expenses.
If this is not the case, go back over your answers regarding the 1098-T.
March 29, 2021
2:15 PM