Q. Do you need to account for the yellow ribbon program as a scholarship for college tuition?
A. Yes. You may not claim the tuition credit based on tuition paid by GI/Veterans Benefits. So, if box 5 does not include some of your benefits, you need to tell TurboTax (TT) that you received that. After entering the 1098-T, TT will ask if you had any other assistance (employer, GI, other grants).
As I understand the "Yellow ribbon" program, the school gives you a scholarship and the VA matches that amount. The box 5 amount is probably only the amount the school provided and does not include the GI bill part.
