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nreytb
New Member

I got full scholarship (just for tuition) from the School, graduating on May 2018. Box 5 has the amount of the full scholarship but box 1 is blank. What should I do?

 
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3 Replies
Carl
Level 15

I got full scholarship (just for tuition) from the School, graduating on May 2018. Box 5 has the amount of the full scholarship but box 1 is blank. What should I do?

Enter the 1098-T exactly as printed. Then press on. Follow up screens will ask you for qualified education expenses not included on the 1098-T.

nreytb
New Member

I got full scholarship (just for tuition) from the School, graduating on May 2018. Box 5 has the amount of the full scholarship but box 1 is blank. What should I do?

Thanks for your response. Should I introduce introduce the amount where it asks me if the scholarship comes from a tax free employer provided assistance? Because the full scholarship comes just from the actual school where I studied. Thanks in advance
Carl
Level 15

I got full scholarship (just for tuition) from the School, graduating on May 2018. Box 5 has the amount of the full scholarship but box 1 is blank. What should I do?

No, because you are not a W-2 employee of the school. Basically, a scholarship is a scholarship. Doesn't matter if it comes from the school or not. If you'll take note, after entering the 1098-T, the first screen after the data entry screen does not apply to this specific scholarship. So you'll select NO unless some other scholarship does.
The 2nd screen ask if this money was already reported elsewhere on your tax return. Select no, since it wasn't.
The 3rd screen asks if the student was enrolled as "at least" a half time student. I assume you'll be selecting yes on this screen.
The 4th screen asks about an amount for box 1. Your box 1 of the 1098-T was blank. So leave this blank or enter a zero and continue.
Assuming you did not go to another school in the same tax year, select no, continue.
Click continue again.
If you paid for books or materials out of "YOUR" pocket to attend school (not with the scholarship money) select YES and fill in the amounts. Otherwise, select no and continue.
Now you're on the "Scholarships and Financial Aid" screen. Read it and continue.
On this screen you will see that the amount of box 5 on your 1098-T is already shown. Complete this screen as needed and continue.
Now finish working this through. In the end, don't be surprised if you do not qualify for any education credits if you do not have any out-of-pocket qualified education expenses that you paid. But the main thing is, the scholarship money will not be taxable income to you, provided every penny that was awarded by the school, was used for qualified expenses.
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