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1098-T Form Error
I am using Turbo Tax Home & Business 2021 and the 1040 line #1 calculation is incorrect when entering a 1098-T form with grant $ greater than qualified tuition expenses. In the 2020 software, the 1040 line #1 correctly included the excess grant $, and it also (per IRS pub970) correctly included the text, 'SCH' and the excess grant $ amount in the 1040 line #1 description.
How do we get Turbo Tax to update the forms & calculations?
thanks,
Steve
March 20, 2022
5:17 PM