Yes I have same situation on my 1098 T ...but it looks like the rest of the aide is going towards 2021 Qualified expenses. So to the question I put yes? It asks how much of the 12472 received in scholarships and grants or other aid was not designated for 2020? Do I subtract the 6400 from 12472 and put difference received in that box which would be 6072.00
Box 1 6400 Payments received.
scholarships and grants in box 5 is 12472. No other amounts in other boxes. Box 8 and 9 are checked and Box 7 is checked. Box 7 says Check if box 1 includes amounts for academic year Beginning January to March 2021. I’m so sorry it’s very confusing. I’ve also read The difference has to be reported as income but I never received it . I never received any refund from the school so why would I claim it as income and it looks like the rest of scholarship is going towards 2021. None of the scholarship money or aide goes towards anything but qualified expenses. I graduated in May 2020 with Bachelors degreeand I started in the fall 2020 to do my masters. First time the 1098 T is different showing more in box 5. Thanks
