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Education
"However, when your scholarships exceed your tuition costs in Box 1 of Form 1098T, you do not qualify for the credit."
That is not true. The AOTC covers tuition, fees, required books and supplies. The 1098T will only reflect tuition and fees and only include books and supplies if they were included in tuition and fees. If you had out of pocket costs for required books, supplies, equipment then those costs are eligible expenses under the AOTC and are likely not reflected in the 1098-T. Just make sure you keep your receipts.
‎October 18, 2023
9:15 AM
2,824 Views