Using rough numbers:
His tuition/fees/etc charged by the university is approx 24,000
His scholarship is approx 8,000 (Western University Exchange, aka WUE)
Box one reports approx 16,000, which is what we paid out of pocket.
Box 5 reports the approx 8,000.
I withdrew the approx 16,000 from a 529 plan. Interestingly, when done with this, it appeared my tax return reduced, as though Turbotax is treating some of the 529 as taxable, even though it went entirely and exactly to the university. I haven't tracked this down or confirmed it yet.
