On a 1098-T with amounts only in Box 1 and Box 5, Box 7 checked, and Box 8 checked:
1. Where in Pub 970 (or any IRS publication or any TT doc) is information related to Box 7 and ramifications of checked vs unchecked?
2. What adjustments, if any, is the taxpayer REQUIRED to make to amounts in Box 1 and/or Box 5 because Box 7 is checked when preparing tax return?
3. What adjustments, if any, is the taxpayer ALLOWED to make to amounts in Box 1 and/or Box 5 because Box 7 is checked when preparing tax return?
TIA!
