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Education
Hi,
I am trying to figure out how I can avoid including my scholarships and grants as taxable income. For my 2020 1098-T, I have $85 of tuition fees because my school "billed" me in December 2019 for a majority of my Spring 2020 tuition and included it on my 2019 1098-T. My scholarships were applied in my Spring 2020 semester against that tuition, so I technically did not pay or have any scholarships as taxable income. When doing my taxes right now, it is counting all $20k of scholarships and grants as taxable income because I did not have tuition expenses that covered them on the 1098-T. Can I use the edit option to put the tuition billed in December 2019 to prevent my scholarships being counted as taxable income even though my 1098-T only says $85?