Can you clarify scenario 1.?
- Most people subtract box 1 from box 5 and enter the difference as income.
So for my daughter on her 1098T there is in box 1 $8,571.00 and box 5 $8,561.
Are you saying the difference (-$10.00) is what we would enter under the Education category for her on OUR tax forms not what is in box 5?
