No, your 2020 Amended Return will not be flagged for an incorrect 1098-T entry on your 2021 return. Have you already filed your 2021 return? If not, you could change your answer.
Basically, the checked Box 7 means you paid for Education Expenses in 2020 for 2021. In order to get credit for what you paid in 2020, you need to include the amount of the expense on your 2020 return and the amount you paid.
The IRS only wants to give you credit for what you actually paid each year (even though it was the next year), so it can be confusing with the way schools report on the 1098-T.
If your 2021 1098-T correctly shows what was billed/paid in 2021, no worries. The IRS also realizes that schools don't always report correctly. Save your payment receipts for each year.
Here's more info on Form 1098-T.
@musician98
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