mccajm16
Returning Member

Education

If I paid $30k including $20k of scholarships, where would I claim the $10k that I paid out of pocket since that wasn't claimed on last year's taxes? Just to break it down a little more clearly

 

Spring 2020 tuition reported on 2019 1098-T 

Spring 2020 $20k financial aid (scholarships) reported on 2020 1098-T

Spring 2020 $10k out of pocket not reported on either 1098-T

 

Total Spring 2020 payments ~$30k including scholarship

 

I'm trying to figure out exactly how to enter these numbers without the IRS coming after me for any reason. Right now I have the 30 as "The number in box one is not the amount I paid the school" and the scholarship number in the proper designated box. If I delete the 30 from that box and designate the $20k as for 2019 expenses, how do I get the credit for the $10k out of pocket payment?