Hi, I'm having trouble understanding why I am not eligible for the AOTC refund in 2023. I was eligible in 2022 (the first year I claimed it) and am still providing my own financial support. I believe the issue has to do with how my school is reporting my scholarship on my 1098-T. Context below.
I have a $16,000 scholarship per semester (pro-rated for summer semesters).
On my 2022 1098-T, I have $30,138 in payments received (Box 1), and $16,000 in Scholarships (Box 5) and Box 7 is checked, because my school charges Spring tuition in December. The $30,138 in payments received on the 2022 1098-T is all for my 2023 Spring semester (Did not attend in fall of 2022), but the $16,000 in scholarships is actually my scholarship for the 2022 spring semester.
My 2023 1098-T only shows the tuition charged for a summer class I took in 2023 to graduate, $7608. However, it includes the $16,000 scholarship for the Spring 2023 semester plus the $4000 for the summer semester. As a result, if I do not modify my 1098-T, my aid received is greater than payments received, and I do not qualify for the AOTC.
Is there any way for me to remedy this? Or does the fact that my school reports Spring tuition the year prior and the Spring scholarship the year of the term mean I do not qualify? It seems odd to me that my 1099-T for 2022 includes tuition for Spring 2023 but not the scholarship for Spring 2023, and that my 2023 1099-T includes my Spring 2023 scholarship but not the tuition.
