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Difference between 1098T Box 5 and Box 1 was for tuition
Box 5 on my 1098T is greater than Box 1, but this difference was not pocketed as spending money. It was used to pay for tuition that wasn't accounted for in Box 1 due to the difference in calendar and academic years. TurboTax, however, thinks I simply took this money home and telling me I need to pay taxes on the rather large difference between Box 5 and Box 1. Where can I indicate that part of Box 5 was used for tuition for a different year? Thanks!
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‎April 26, 2021
5:05 PM