Thanks for the reply. I guess I'm nervous either way about the discrepancy between box 1 and box 5 -- even if I leave it off my daughter's does that mean that the scholarship would end up treated as taxable income for me? That would be just as bad 🙂
The 2023 version of our 1098-T does have that box 7 checked, "the amount in box 1 includes academic period starting Jan 2024." And I see that there is a place in the software to basically override box 1 and manually enter what tuition was paid this year. So can I do something like divide last years box 1 amount by 2 and add it here? That would certainly make the math work out.
I don't know how to prove what money went to what, since I'm not even really seeing it. School says "Here's a scholarship" and then eventually gives me a bill for what I owe, I assume it goes first to tuition and then I'm paying whatever's left, which would include room and board. I suppose the school must have a breakdown somewhere, but do I need to get into all of that? This hasn't been a problem for the first three years she was there.
