rbynaker
Level 14
03-19-2022
05:55 PM
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1098-T forms are notoriously unreliable. Follow the money. If tuition really was $4,570 and $2,125 was covered by scholarship, that leaves $2,445 leftover. What happened to the rest of your $4,000?
See IRS Pub 970 Chapter 7 for qualified higher education expenses in addition to tuition:
https://www.irs.gov/pub/irs-pdf/p970.pdf
i.e. Room and board won't be included in the tuition amount but will be QHEE to exclude 529 plan earnings from income.