- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Education
If your daughter received a 1098-T from her college or university, and the amount of scholarship if any, in Box 5 is greater than the amount of qualified educational expenses either received, (Box 1) or billed, (Box 2) she will have to include that 1098-T on her tax return. The reason for this is that the IRS views the excess as taxable income.
‎June 4, 2019
1:39 PM