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1098

Box 1 is 17K.  Box 5 is 26 k.  Tuition alone is 25k, but since the scholarship was applied directly as Tuition Exhange by the college, the college is not showing tuition in box 1.  How do I adjust on my taxes.  Box 1 does not include room, board, only eligible fees and expenses.  If my simple brain makes sense of this, shouldn't my 25k schlarship (which is applied only to tuition) have a 25k fee associated with it?  The school invoice DOES show the tuition, but we did not have to write a check for it.

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1 Reply
RobertB4444
Employee Tax Expert

1098

Go ahead and put the actual amount of tuition in box 1 and that should do it.  Save all of your records in case anyone asks you a question about it.

 

@heidicwiks 

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