- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
1098T questions
My daughter got a 1098T that shows box 1 as $2486 and box 5 as 4986. When I enter these figures into my return it says she needs to file her own return as the scholarship amount is more than the tuition. The question is that the scholarship award from the college says it is for 2023 and 2024. The extra amount was used for her tuition to start this year. How am I supposed to report this? The school holds this money so she never actually got the extra amount. Did not get a 1098Q. Will she be required to file a return for this amount? This would be her first. Just making sure I am not overlooking something. Thanks!!
Topics:
‎April 11, 2024
4:53 PM