The Box 1 & Box 5 entries for the 2018 1098-T sent by the school for my son's tuition were accurate. The 2019 1098-T statement sent by the school is wrong. The 2019 box 1 and box 5 values are not correct, both are grossly overstated. Even if I assume the university is attempting to include the 2020 charges and scholarships for tax year 2019, I cannot come up with the results they cite. I will reach out to the university for documentation; however, previous attempts have not been that successful in resolving the issue.
My question is this, if I have good records that are based on the actual charges documented by the university as well as scholarships received, should I totally ignore the 1098-T values provided by the university and simply use the data I have.
