I received a 1098-T for the college I attended last year. I use the Texas Hazlewood Act to cover tuition. Hazlewood covered all of my tuition, and I did not have to pay any of it out of pocket, nor did any other scholarship or grant contribute. I did, however, receive a Pell Grant of $3,447 that ended up being refunded to me since Hazlewood already covered my tuition. I will need to report this as taxable income since I did not use any of it for qualified educational expenses. Now, I am a bit confused on how to enter in my 1098-T on TT. Box 1 shows $3,287. I am assuming here that this would be from Hazlewood, as they covered all of my tuition. Box 5 shows $6,759. I am also assuming that a portion of that is the $3,447 Pell Grant. In TT, there is a question asking: "Did you receive any of the following tax-free benefits last year?" with GI Bill benefits and Veterans' benefits listed under it. Would I say yes? If I say yes, it is followed by: "What portion of the $6,759 from Box 5 on your 1098-T is from veterans' benefits and/or tax-free employer provided assistance?" If the Pell Grant ($3,447) was part of this, would I enter the remaining $3,312 as being from veterans' benefits? I don't know what else could possibly be lumped into that total other than Hazlewood. Would Hazlewood therefore be included in both boxes 1 and 5? I have called the payment office at this school to ask and they were not helpful, unfortunately.
