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Education
If you have a 1098-T with a larger amount in Box 1 (Tuition) than in Box 5 (Scholarships), you may qualify for an Education Credit.
However, if Box 5 (Scholarships) is larger than Box 1 (Tuition), you may have Taxable Scholarship Income.
But if Box 1 and Box 5 are equal amounts, you don't qualify for a credit and don't need to enter your 1098-T in TurboTax. Just keep it for your records.
Click this link for more info on How to Enter a 1098-T.
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March 9, 2021
4:41 PM