1. No, "This is not what I paid" is only used when Box 1 needs to be adjusted. This might be when the student pays in December but the school doesn't post the payment until January of the next year or vice-versa.
That adjustment would not be used by you.
You will enter Form 1098-T and the difference between Box 5 and Box 1 will be taxable income if Box 5 (Scholarships) is larger than Box 1 (Tuition paid).
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