Thank you for the explanation, I think am better understanding the principle, but still am a little shaky. Can you also tell me how to reflect that in Turbotax? I entered the 1098t as written, is that correct? Or, instead, should I not enter the amount from box 5 on the 1098t entry form and instead under
Expenses and Scholarships (Form 1098-T)> Did __ receive a scholarship or grant in 2019? select “Yes“ and enter the info from my university account statement for the scholarship from the school in Other scholarships/Grants/Fellowships and the amount my employer paid minus the portion withheld from my paycheck in the box for Employer-Provided Assistance? This year, (because I only took one class per semester), more money was withheld to pay the loan than paid from my employer to the university can that be accounted for? Thanks
