Hello! I would really appreciate some help. I am going to simplify the numbers here to make the situation easier to understand. Box 1 says $4500 and box 5 says $7000. My issue is that I received a $3000 emergency housing assistance grant from the school and they included this in box 5 (I was expecting it to say $4000 because I was advised that the IRS does not consider emergency grants taxable). I would like to avoid paying tax on the grant or the difference between line 5 & 1 because technically I still paid $500 in tuition + another $500 for books.
I am filing my taxes using TurboTax and I’m not sure how I should complete the education expenses section. Could someone please let me know what numbers I need to include and where?
Thank you!
