SDin
New Member

My daughter is a grad student. Is her taxable amount the difference between Box 5 and Box 1 on her 1098T? Are there reasons the taxable amount would be adjusted?

Her tuition is covered by a fellowship and that amount is shown in Box 1.  Box 5 appears to include her tuition plus her monthly stipend.  In my mind, her taxable amount would be the monthly cash stipend she receives.  However the difference between Box 5 and Box 1 is greater than the stipend and therefore it is taxing her on a larger number.  Can the taxable amount be adjusted to be what I think it should be or does she have to pay taxes on the amount that box 5 exceeds box 1?  No one at the University is able to tell her what other items may be included in Box 5.