Question:
I believe 1098-T is incorrect and that box 1 should include WRGP tuition waiver, or that box 5 should not include WRGP tuition waiver, do you agree?
What would be my specific inputs into TT in regards to 1098-T, scholarships and educational expenses?
Background:
- 1st semester fall 2024 term for out of state graduate audiology school
- Total charges on the schools account summary for the term = $18,237.25 which consisted of books, required fees and tuition. I believe all of these are qualified educational expenses, No R&B.
Total payments on the account summary = $18,237.25. Total charges were paid by:
- $7,417.25 (parents payment)
- $1,265 fellowship scholarship
- $9,555 WICHE/WRGP (tuition reduction/waiver)
1098T box 1=$8,682.25 (parent payment (+) fellowship scholarship)
1099T box 5=$10,820 (fellowship scholarship (+) WICHE/WRGP tuition reduction/waiver)
Thank you for your insight.
