It depends. If you qualify for education credits or deductions, it would be a good idea to go ahead and amend. If his tuition is greater than the scholarships in box 5, TurboTax will not generate additional income for the scholarships, but be sure to enter the 1098T exactly as it appears on your physical copy.
To amend your return follow the steps below. I am also including a couple of additional links on Educational credits and deductions.
Do not amend your tax return until it is accepted.
To Amend your return in Turbo Tax Online follow these steps:
1. Sign in to your Turbo Tax Account
2. Scroll down to Your tax returns and documents and select Amend (change) 2019 return, then Amend using Turbo Tax Online.
3. Select the reason you are amending and Continue
4. Answer the questions about your Federal return, then begin amending your State return (if applicable)
To Amend your return in Turbo Tax Desktop;
1. Open your tax file you need to amend and select Online and Check for Updates.
2. Go to the Federal Taxes tab (or the Personal Tab, if you are using Home & Business) and select the Other Tax Situations Tab.
3. Scroll down to Other Tax Forms and Select Start next to Amend a return.
4. Answer the appropriate questions for the State and Federal Returns.
It does take up to 12-16 weeks for more for Amended returns to be processed and they will need to be printed and mailed (they cannot be efiled.)
What Education Credits are Available?
Tuition and Fees Deduction
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