- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Education
If you are only entering the 1098-T in order to claim the excess scholarship, and ALL the scholarship you received in listed in Box 5 of the 1098-T, you only enter the 1098-T.
You don't do any of the math, the program will.
The program will subtract the smaller amount (in your case Box 1) from the larger amount (in your case Box 5) and the result will be what the program will list as income on Schedule 1.
You can enter additional expenses not listed on the 1098-T such as books and supplies.
Room and Board do not count to be applied against scholarships.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎February 5, 2025
4:54 PM