My son is 19 and I claim him as a dependent. He is a full time student and worked part time last summer. He earned $5500 from his part time job. Now that he is a full time students I am helping him complete his taxes with turbo tax. He received a 1098 T. In box 1 the school determined they received payment of $31986 and on box 5 (scholarships and grants) the amount is $30658. Turbo tax is asking if he paid room and board with that scholarship. Should we say yes? I am not sure what the breakdown is from tuition and room & board. The school receives his scholarship and bills us for the remaining cost. So far we have paid a little more than $1000 to cover the difference from his scholarships and the cost of tuition and room & board. What should we right on that box? yes, we do pay room and board? or leave it blank? or no?
