The tuition at my university is $25,000. I received a $20,000 scholarship and paid $5000 out of pocket. My 1098-T shows $5,000 in box 1 and $20,000 in box 5. My accountant said I cannot take the opportunity credit because box 5 is larger than my box 1. I think my credit should be based on the $5,000 I paid out of pocket. Who is right?
