1098T

[dlp17]

I got the 1098T from my child's university.  Box 5 has the total amount of scholarship that he got for Fall 2024 and Spring 2025.  Is that correct since I am filing for 2024 tax year?  Shouldn't it be just the half of that amount?  Please advise.

[Bsch4477]

See the discussion here. 
https://ttlc.intuit.com/community/taxes/discussion/2024-1098-t-box-5-includes-scholarship-and-grants...

[dlp17]

Thanks and I just want to verify I am thinking correctly.

This is his first year and Box 7 is checked, so I will need to check "yes" on "was any of the scholarship income not designated to pay 2024 education expenses?" and put the correct amount that was used on 2024?

[Bsch4477]

Correct. 

[dlp17]

Thanks!