- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Entering qualified educational expenses
I currently have a scholarship and a fellowship that covers my tuition and living expenses.
My 1098-T includes the money from the scholarship, 52,000 total. Of this amount, 46,000 is tuition. I also enter 2,500 in education expenses (books etc) here.
I next enter the remaining amount from my fellowship (24,000) in the "Other Scholarships/Grants/Fellowships" box. This brings total scholarship up to 76,000. When it asks how much of the 76,000 was used for room and board, do I say 30,000 (24k+6K from the scholarship) or do I saw 27,500 (24k fellowship + 6k scholarship - 2,500 eligible expense).
It looks like if I put 30,000, the 2,500 of expenses I previously entered has no impact. It looks like I should enter the 2,500 as an expense, and 27,500 the total amount used for non eligible expenses.