AmyC
Expert Alumni

Education

The issue becomes how much income is taxable to you. If you are given scholarships, grants, etc in excess of your school expenses, that difference is taxable income to you.

You need to report the taxable income. Having the 1098T allows you to think through your options. Go online to your school Bursar account and look for your tax document. Most schools post it online.

 

I am also going to recommend you look at another of my answers for help.  You need to start gathering your various expenses.

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