https://ttlc.intuit.com/community/college-education/discussion/re-1098-t/01/820145#M21643 <P>If you are an undergraduate student and would qualify for the American Opportunity Credit, you can include amounts paid for books and other course related materials to reduce the amount of scholarship income that is taxable. Otherwise, there is really nothing you can do. Any amount in box 5 that exceeds the amount paid for qualified education expenses is taxable.&nbsp;</P> Wed, 26 Jun 2019 14:08:31 GMT Texas Roger 2019-06-26T14:08:31Z https://ttlc.intuit.com/community/college-education/discussion/1098-t/01/819894#M21641 Box 5 is greater than box 2 and box 7 is checked, how to reduce tax consequence? Tue, 25 Jun 2019 21:33:14 GMT https://ttlc.intuit.com/community/college-education/discussion/1098-t/01/819894#M21641 joetribble 2019-06-25T21:33:14Z https://ttlc.intuit.com/community/college-education/discussion/re-1098-t/01/820145#M21643 <P>If you are an undergraduate student and would qualify for the American Opportunity Credit, you can include amounts paid for books and other course related materials to reduce the amount of scholarship income that is taxable. Otherwise, there is really nothing you can do. Any amount in box 5 that exceeds the amount paid for qualified education expenses is taxable.&nbsp;</P> Wed, 26 Jun 2019 14:08:31 GMT https://ttlc.intuit.com/community/college-education/discussion/re-1098-t/01/820145#M21643 Texas Roger 2019-06-26T14:08:31Z