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Education
Ok, this changes the situation a bit as you likely won't be receiving an education credit depending on how much overage there was and how the money was used. But, you will still need to report both 1098s as you may actually have scholarship income. If the amount of your scholarships and pell grants exceed your qualified education expenses (tuition plus required books and fees), then any overage is considered income to you (i.e any amounts you used for personal expenses such as room and board or travel).
You should enter both 1098 forms and be sure to included any required book costs and fees and the program will do the calculation to see if you have any scholarship income. You will see a "SCH $$$" next to Line 7 on your tax return if you do. Below are two useful articles for Pell Grant and Scholarship and how they relate to taxes.
<a rel="nofollow" target="_blank" href="https://turbotax.intuit.com/tax-tips/college-and-education/do-you-have-to-claim-pell-grant-money-on-...>
<a rel="nofollow" target="_blank" href="https://turbotax.intuit.com/tax-tips/college-and-education/taxes-for-grads-do-scholarships-count-as-...>
You should enter both 1098 forms and be sure to included any required book costs and fees and the program will do the calculation to see if you have any scholarship income. You will see a "SCH $$$" next to Line 7 on your tax return if you do. Below are two useful articles for Pell Grant and Scholarship and how they relate to taxes.
<a rel="nofollow" target="_blank" href="https://turbotax.intuit.com/tax-tips/college-and-education/do-you-have-to-claim-pell-grant-money-on-...>
<a rel="nofollow" target="_blank" href="https://turbotax.intuit.com/tax-tips/college-and-education/taxes-for-grads-do-scholarships-count-as-...>
‎June 6, 2019
8:06 AM