I am a grad student TA who receives tuition remission & a per-hour salary from my uni. The salary is reported on my W-2. The remission is in the 1098-t and makes up the total amount of Box 5. 1st, I am not sure whether the remission counts as part of the total W-2 money or not. 2nd, I am not sure how to report the remission. It seems to me that it is not taxable, since I don't receive the money, but it is pure and the amount in Box 5 is lower than the amount in Box 1 (which contains payments I made to the university per year, which I believe includes all the money in Box 5 plus some additional fees I have to cover on my own).
Is the remission taxable & how should I report it either way?
