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Education
I doubt that the school will reissue 1098-T forms if the money was given to them at the time as a scholarship. The IRS goes by what the school reported. Probably at the time it *was* a scholarship and was taxable as such. I know of no provision in tax law that allows changing a scholarship retroactively. If a loan, then it could not have been reported on a 1098-T in the first place. You side deal with the employer to pay it back would seem to be separate from the original reporting of the scholarship and only between you and the employer.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎October 31, 2020
3:35 PM