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Education
Just don't enter the 1098-T. It's too confusing for you and TurboTax to straighten out.
The 1098-T is only an informational document. The numbers on it are not required to be entered onto your tax return. Although receipt of a 1098-T frequently means you are either eligible for a tuition credit or possibly your student has taxable scholarship income, you know that neither applies. You claim the tuition credit, or report scholarship income, based on your own financial records, not the 1098-T.
Because of the January reimbursement payment the expenses and payment don't align, but you can and should treat it as matching. You are not allowed to use the mismatched payment to claim the LLC, for 2023. This situation is covered in Pub 970.
‎April 15, 2024
9:46 AM
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