What are you trying to accomplish? Claim a tuition credit? Determine the taxable amount of your scholarship? Both? Something else?
Q. This only includes the $ amount I paid for tuition, correct? Not for room and board.
A. Yes. R&B are never included in box 1 (yes, schools occasionally put R&B in box 1 by mistake)
Q. The issue is that I have no way of knowing what of my money went to tuition, and what went to room and board (R&B). Same for the money in the scholarship?
A. You should have statements from the school for these. But, you don't need to know where what money went, you only need to that expenses were paid.
Q. Additionally, this does not include what the student loans paid correct?
A. You don't care what the student loans paid. All you care about is allocating expenses to scholarships or not scholarship.
Q. Meaning in this example, I should ignore those (loans)?
A. I'm not seeing an example. Loan money is considered your money. Anything paid by loans is considered paid by you.
But you don't need to know what money paid what expenses (unless some of the scholarship is "restricted"). For tax purposes, you are allowed to allocate the expenses where needed.
So, for specific, help I need to know how much was paid for tuition, fees, books and other course materials in 2023 and the amount of the 2023 scholarship. Don't need R&B numbers, loan numbers or what you paid.
