1098-T
Graduated spring 2020my 1098-t Box 1 is approximately $4000 lower than box 5. scholarships.
For Fall 2019 the school owed a refund of $5400 and refunded that amount in April 2020.
Reading the IRS rules for box 1" The amount reported is the total amount of payments received less any reimbursements or refunds made during the calendar year that relate to the payments received for qualified tuition and related expenses during the same calendar year." The refund was not for 2020 tuition but related to 2019. I queried the school and they have not responded. The school also was not consistent with the 2018 and 2019 1098-t statements when comparing what was done for the 2020 1098-t. Is there a way to document this issue when using TurboTax Delux?
