Thank you so much for the detailed response! I am dependent on my parents. My parents are using me as a dependent on their tax-return.
Based on your response, I checked my 1098-T box 1 and the amount entered there by my university is zero. Which is wrong because all the scholarships and grants were used by the university to pay my tuition fee. My parents only paid approx. $5100 towards room, board and dining. Due to the pandemic, since universities sent everyone home, my parents got a refund of $5000 . Basically they did not get any money towards my tuition.
Should I contact my university to correct my 1098-T? What if they don't fix it in time? Can I submit my taxes without 1098-T?
Also since my parents did not pay much out of pocket for tuition, should they enter my 1098-T information on their taxes?
Thank you so much for all your help!
