Box 1 and box 5 amounts do not match on my 1098T

ciaramichellex3 — Sat, 01 Jun 2019 03:08:26 GMT

Is this normal?

Yes, it's normal. Box 1 will report all of the payments t...

AndreaC1 — Sat, 01 Jun 2019 03:08:28 GMT

Yes, it's normal. Box 1 will report all of the payments the school receives from you to pay qualified education expenses. Box 5 will be the amount of scholarships and grants that were paid directly to the school for your expenses. Keep in mind, the scholarships and grants may reduce the amount of qualified expenses you can use when calculating a deduction or credit.

NOTE: See here for more details https://turbotax.intuit.com/tax-tools/tax-tips/College/Video--Guide-to-IRS-Form-1098-T-Tuition-State...

And the steps here below will walk you through how to enter that 1098-T in the TurboTax software:

https://ttlc.intuit.com/replies/4194409

topic Box 1 and box 5 amounts do not match on my 1098T in Business & farm

Box 1 and box 5 amounts do not match on my 1098T

Yes, it's normal. Box 1 will report all of the payments t...