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1098T
My sons 1098T shows higher scholarships than tuition paid because of timing.
I paid spring 2020 in 2019. I assumed I could pay spring 2021 in 2020. But his college changed the billing to 2021. So only 1 semester of tuition is on the 1098 but 2 semesters of scholarships/grants. We do not have a 529 plan and I claim him as a dependent. Is there anything I can do to avoid him having to pay tax on the difference? I also lost the AOT credit. Frustrated!
‎April 5, 2021
7:50 PM