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Education
I have a variation:
Received 1098-T for daughter
Block 1 was $4,261 (amount we paid out of pocket)
Block 2 was 0
Block 3 was $5,500 (scholarship paid directly to the school)
Actual Tuition paid for Spring 21 and Fall 21 semesters was $9,761 (which is the sum of Block 1 and Block 3).
Turbo Tax now states my daughter needs to count the difference of Block 3 and Block 1, $1,239, as income and has to file a tax return. Doesn't make since that this is income.
Did the school error in filling out Block 1 and I need to request an amended 1098-T? Or does the Turbo Tax program have an error in this case
‎April 10, 2022
6:17 AM