Hi! Thanks for your fast response, I actually have the school looking into some numbers on the 1098. He took some of these college classes in high school and there may be an error in box 1 by about a six hundred dollar overage. Regardless, the issue remains the same overall.
- Box 1 of the 1098-T-6353.50
- box 5 of the 1098-T-1740
- Does box 5 include any of the prepaid plan payments (it should not)-I am not sure what prepaid plan payment means ( the total includes two scholarships he receive for Fall 2020 and credits for two semesters of college classes he took in high school)
- Box 1 of the 1099-Q-4998.50
- Box 2 of the 1098-Q-0
- Who’s name and SS# are on the 1099-Q, parent or student (who’s the “recipient”)? student, my son
- Room & board paid. If he lives off campus, what is school's R&B charge. If the student lives at home, just the meal plan charge-no charge for either, commuting , 2 year school
- Other qualified expenses not included in box 1 of the 1098-T, e.g. books & computers- 300
