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If I’m a student and I am receiving financial aid and have grants and scholarships does that count as a payment towards my tuition? Or should I just not highlight the circle for me not paying my
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February 26, 2020
2:53 PM
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Education
Grants and scholarships (1098-T box 5) count as payment towards tuition (1098-T box 1).
You want to claim tuition and other qualified education expenses to reduce payments by your scholarships and grants.
This TurboTax Help explains qualified education expenses.
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February 26, 2020
3:13 PM