Q. I would just $4000 expenses on my taxes?
A. Yes.
Q. Can you tell me what numbers I need to put and where, if we have box 1 $6039.50, Box 5 $9154.66 and
Books, Computer $1900?
A. On your return, enter a 1098-T with $4000 in box 1 and no other amounts. Enter the 1098-T, on her return, with 0 in box 1 and the taxable amount ($5215) in box 5. $6040 -$4000 = $2040 of the box 1 amount can be used for the tax free scholarship. $9155 -2040-1900 = 5215 of the scholarship is taxable.
