No, Box 1 of Form 1098-T does not include room and board. It only includes tuition and fees that are required by the college.
Other school expenses like books, supplies, and room and board may assist you in maximizing an education credit or preventing scholarships or education savings account withdrawals from being considered taxable income. You may enter those in TurboTax separately and in addition to the Box 1 Tuition amount:
- Select Start/Revisit next to Federal > Deductions & Credits > Education > Expenses and Scholarships (1098-T)
- Select Edit next to the student's name.
- Click Edit next to Other Education Expenses (for all schools)
- Enter your qualified expenses here
Room and board expenses are not considered qualified education expenses for the purpose of education credits and they can't reduce scholarship income. You can use education savings account withdrawals for room and board.
