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- Re: How is scholarship repayment entered in Proconnect?
How is scholarship repayment entered in Proconnect?
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BhamTreeHouse
Level 1
Friday
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My client attended college courses paid for by their employer. The agreement is that the employee will have to repay the fees if they do not complete a contracted period with the employer. Client received 2024 1098-T with tuition in box 1 and the amount paid by the employer as a scholarship in box 5.
The client will be leaving the employer in 2025 and will have to re-pay the scholarship. How should this be reported in the 2025 tax year?
Thanks in advance.
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