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Form 1098-T
In the Form 1098-T for my dependent son at college last year (Tax Year 2023), Box 1 correctly shows $7500 as the total amount of payments the college received from me for my son's qualified tuition and related expenses (i.e., tuition and mandatory fees, but not books or room and board), and Box 5 correctly shows $5000 as the total amount of his scholarships, but TurboTax is using these numbers to generate a net qualified education expense for me in the amount of only $2500, i.e., $7500-$5000. What do I need to do so that TurboTax shows my total out-of-pocket payments for qualified education expenses was in fact $7500, not $2500?
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‎February 25, 2024
7:11 PM