KrisD15
Expert Alumni

Education

If you received scholarship funds (reported in Box 5 on the 1098T) and they were not used to pay tuition, fees, books or supplies, the funds wil be reported as income on your return and you'll be liable for tax on that amount. 

 

If you did not get the scholarship, or the school is holding on to it for future use, you would adjust the amount. It is not clear if you did or did not get the scholarships.  

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