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I entered 1098-T as: Box 1 Payments: about $14K; Box 4-Scholarships/grants is $9K. When I submit the summary shows about $5K. That is the difference. Why? We paid $14K
It seems that the difference between payments and scholarships is what is being used as the tuition we paid. However we paid the "payments" in box 1. If box 1 was total tuition and that was reduced by scholarships, that would make sense. But, payments clearly equals what was paid, not tuition.
‎April 5, 2025
7:31 PM