I know the Form 1098-T is not supposed to include student loan disbursements, but mine does. It seemed high, so I asked the college for a list of what made up the amount in box 5. They gave me a written printout that showed my few scholarships and the last disbursement of my student loan (which was $2,250). I questioned why that was included - as loans have to be paid back so would not be taxed - and they said I would have to make any adjustments on my tax return. My question is: How do I show an adjustment of 2,250 out of income since the Form 1098-T in incorrect?
