Education

Thanks a lot , I would like to know for next year will not be confused , in general ,

 

  • When Box 1 on the 1098-T does not have any number, but Box 5 has a number, should it be ignored?
    (Please consider whether my kids have a W-2 or not in all situations, both below and above this scenario.)

  • When Box 1 has a number and it is less than $4000, but it is less than the number in Box 5, what should I do?

  • When Box 1 has a number and it is less than $4,000 but still greater than Box 5, what should I do?
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  • When Box 1 has a number, grater than $4000 and  it is less than the number in Box 5, what should I do?

  • When Box 1 has a number, grater than $4000 and  it is greater than the number in Box 5, what should I do?
    Thanks your help