I am a little confused with the language used in this form and the IRS documentation.
The 1098-T I received from the institution shows $0.0 on Box 1 and $1500 on Box 5 for a scholarshipt. The total tuition for this course was 3200 from which I only paid $1700 (e.g. the tuition minus scholarship total)
So when checking the box This is not what," Student' Name paid to school"
what is the amount I should enter? $3200 or $1700.
The text below the box says to include the full amount paid to the institution and include all amounts paid by student, someone else, scholarships, fellowships or loans..
So it seems to me the amount should be $3200, but then I am not 100% sure. Does Turbo Tax take car of subtracting Box 5?
