Q. Is this right?
A. No. You've made an entry error. Just delete the 1098-T. It does not need to be entered on your tax return*.
Scholarships that are used for qualified expenses (tuition, fees, books and other course materials) are tax free. Since box 1 of the 1098-T exceeds box 5, none of your scholarship is taxable.
Your parents should enter your 1098-T, on their return, to claim the tuition credit, if they are otherwise qualified (income is not too high).
*The 1098-T is only an informational document. The numbers on it are not required to be entered onto your tax return. However receipt of a 1098-T frequently means you are either eligible for a tuition credit or deduction or possibly your student has taxable scholarship income. You claim the tuition credit, or report scholarship income, based on your own financial records, not the 1098-T.
If your parents claim the tuition credit, they do need to report that you got one (the TurboTax interview will handle this)
