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1098-T
So I'm 22 and this year was my first time filing taxes on my own normally my father did them, I had a 1098-T form for the year of 2020 I was supposed to file and my tax preparer said it was ok to leave out and IRS wouldn'tworry about it since it was a small amount, SO in Box 1 a payment recieved in the amount of $270.00 was made by me and then in box 5 a scholarships/grants of $453, was she correct to tell me not to file it, is there a certain reason why, since it is below a taxable income of $650 or will I now get penalized for it?
‎April 17, 2021
11:49 AM