Background from previous post:
My child's 1098T shows both Fall 2019 and Spring 2020 qualified education expenses paid. However, the 1098T only reflects the Fall 2019 scholarship. When we paid the tuition for the Fall and Spring, the scholarships were applied to the Fall and Spring so we knew how much to pay. Now, the school moved the Spring 2020 scholarship to 2020. So now, next year, we will have scholarship $ with no corresponding expenses for the Spring 2020 time. What do we do? Thank you!
For which user JotikaT2 answered to not modify a school’s 1098T. (See a few posts below for the reponse).
But because I marked answer okay…I don’t think my new question that I thought of after would be looked at so here it is again. Sorry for posting twice!
Okay I also feel the 1098T should not be modified. However, because of how it is shown, Fall 2019 and Spring 2020 qualified education expenses against the Fall Scholarship, our personally paid qualified education expenses for the credit are not being overstated by $600. Because a portion of her Fall Scholarship was income. So how do we correct? Box 1 is $12K Box 5 is $9K of the $9K $4.8K is income. My child's earned income is $3K. So not sure what to do? I will call school and ask why they moved the Spring 2020 scholarship from the Fall 2019 payment to Spring and did not show it on 2019 1098T. Thank you.
