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Education
Hi Hal! Quick follow-up question for you. And thanks very much for your help.
When you said "just don't file the 1098-T, if it doesn't affect your tax return. " Im a little confused because in my case, the 1098-T does affect my tax return, just in a negative way. Since box 5 is greater than box 1, it increases my tax burden from net 500 to needing to pay 2,000. And I've often seen online that if box 5 is greater than box 1 it needs to be filed and treated as income. Were the things that I read just outdated?
Again, thanks so much for your help @Hal_Al
March 3, 2022
2:13 PM