chemguy91
New Member

Do I have to report exactly what is on my 1098t?

My tuition is completely paid for by the military. My 1098T shows one only semester's worth of payments to the school (box 1) but an entire year's worth of scholarship (box 5). The discrepancy makes it look like a whole semester's worth of scholarship went into my pocket when it did not. Can I report the actual amount paid to the school or do I have to go strictly off the 1098T and take a big hit?