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Is it normal for a recent graduate to owe money in taxes if they received a lot in grants from the state and federal government for school in a year they weren't billed in?
Looking at my 1098-T it has boxes 1 and 2 blank while box 5 has a large amount. I checked my transaction history with my school and they did charge me in 2015 for my 2016 classes, and I did get the aid in 2016. I'm just confused because I thought it should have an amount in box 1 (payments received) because I had received loans in 2016 and paid with them.
‎June 5, 2019
2:14 PM