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Education
graduated in spring 2020 in Fall 2019 the school failed to refund 5400 an overpayment of Fall 2019 tuition.
Does that reduce the amount I paid for Spring 2020 tuition? IRS states"Box 1. Payments Received for Qualified Tuition and Related Expenses Enter the total amount of payments received for qualified tuition and related expenses from all sources during the calendar year. 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" Since the 5400 related to the 2019 calendar year can I increase the amount paid in 2020 by 5400 ?
‎February 18, 2021
12:05 PM