The paid amount (box 1) on my 1098-T only shows the total for one semester (Fall 2021), but the financial aid value (box 5) shows the total for 2 semesters (both Spring 2021 and Fall 2021). This is an unfortunate consequence of my university's payment schedule and they assure me that the information is correct. The problem is that this results in a much higher perceived income than what I actually received from excess scholarships (around $10000 instead of the ~$1500 that I actually received). This puts my total income higher than the standard deduction and, therefore, I now owe money in taxes rather than getting a refund. Is there any way I can fix this or report this in a way that won't cause me to lose money?
