Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Form 1098-T with $0 in Box 1, $4,240 in Box 5 and Box 8 marked at least HT Student

mm1
Level 5

Has anyone seen a 1098-T like this? This student, per parent, had severe issues with remote learning and basically dropped out of college. I understand that the Scholarship would be taxable to the student because it exceeds the tuition. But my question is this. Is there any exception due to Covid? She didn't receive that money and I would have thought the college would have sent the scholarship back or counted it as tuition paid. I have never had this so had to ask.

0 Cheers
1 Best Answer

Accepted Solutions
sjrcpa
Level 15

1098-Ts are frequently wrong.

Have them get the account transcript from the school.

The more I know, the more I don't know.

View solution in original post

1 Comment 1
sjrcpa
Level 15

1098-Ts are frequently wrong.

Have them get the account transcript from the school.

The more I know, the more I don't know.