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Education
box 2 lists qualified expenses, box 5 notes the total scholarship amount (tuition & room/board). There is a second page that lists the details of details of how much was considered tuition, room, and board and there is some difference as to whether it was "ROTC" or from the college ROTC. I only found this 1098-T information my looking on my account on-line. There is a note stating the information is a representation and that the 1098-T will not be sent to me or the IRS as the amounts do not require reporting. (I would agree it's not clear cut- that's where my confusion comes in- publication 970 says room and board are taxable, but then I hear that if it doesn't exceed a certain amount- that it would not be taxed. And if it's taxable- why wasn't a 1098-T sent to the IRS?)
May 31, 2019
5:51 PM