My daughter is in high school (12th grade). She took a college course in a technical college and received a 1098-T. Below are the details.
Scholarships / Grants (Box 5): $921
We paid for qualified tuition (Box 1): $621
Received a cheque from the technical college for $300
Qualified expenses for course books from the college store: $240
($921-$621-$240)=$60
My question here is: Should I enter the form 1098-T information as it is? Also, should I need to show $60 as an income on the Wages & Income section as well?
Appreciate your help.
