Box 5 is Empty on 1098T but I received financial aid. Do I have to report it?

[jpp641725]

On my 1098T form, Box 5 is blank but I received $2,500 in need-based aid from my college as a "University Grant." Do I have to report this $2,500 under the "Other Scholarships/Grants/Fellowships" section since it's not on my 1098T?

Box 1 has $4,800.

[DavidD66]

You would not enter the amount of your Grant when entering your Form 1098-T.  You should only enter what is on the form.  

[jpp641725]

The prompt says: 

"Did You Receive a Scholarship or Grant in 2020? Let us know if you got a scholarship, grant or any of these other types of aid: Fellowship, Employer-provided assistance, Veterans' education benefits, Other tax-free assistance"

So I should select "No" for this?

[JoannaB2]

The 1098-T is used to report education expenses paid to a higher educational institution reported on Box 1 of the form. If box 5 was empty, you may not alter the form and enter only what's on the from.

The box 5 of 1098-T is Scholarship.  It  is a tax-free amount paid to a student enrolled at higher educational institution for a purpose of getting a degree or diploma.  The scholarship must be used to pay for tuition, books, lab fees, and related fees. If the total, scholarship received was more than the tuition paid or financed, a portion of it may be taxable.. 

[Teniesia1]

The amount on Box of the 1098T is making my adjusted gross income more, why? All my scholars were used for tuition and fees.

Please advise.

[ZoltanB45]

Box 5 is not greater than box 1? Was all of the tuition and fees that were paid, included in the 1098-T?  If box 5 is greater than 1, it would generally go to taxable income.