Education

Box 5 of the 1098-T shows the amount of scholarships and grants that were paid directly to the school for the student's expenses. Scholarships and grants may reduce the amount of qualified expenses the student can use when calculating a credit, but you should not change the amount that appears on your 1098-T.  The information must match because the school furnishes the same data to the IRS.

 

Here is a TurboTax article with more information about form 1098-T.

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