KrisD15
Expert Alumni

Education

I don't know what you paid to the school, but Box 1 on a 1098-T does NOT include Room and Board. It only reports what was PAID as tuition and fees to the school. 

Box 5 reports any scholarships that posted in 2022.

 

Room and Board would only be relevant if you took a 529 Distribution and entered a 1099-Q from that distribution. 

 

Tuition expenses, as well as books and supplies (books and supplies would not be listed on the 1098-t unless they were purchased directly from the school, not just the bookstore) may be used to offset a scholarship (make a scholarship tax-free) OR for an education credit. 

 

Room and Board cannot be used for a credit and cannot make scholarships tax-free, but CAN make a 529 Distribution tax-free. 

 

Pub 970 explains much more

 

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