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Education
The 1098-T numbers are pretty close to accurate, box 1 being “Payments received for qualified tuition & related expenses” and box 5 being “Scholarships or grants”; it is a full ride (NCAA Division 1, head count sport, full scholarship) so the amount of the scholarship is meant to cover room, board, tuition, books, meals and any other costs of education. So the taxable part of the scholarship is large.
February 26, 2020
3:11 PM