The-Tax-Lady
Level 9
05-21-2020
06:33 PM
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And the IRS says Box 5 is Scholarships & Grants.
Clients are very often mistaken in their beliefs of what and how something was paid. Does the client have proof of payment or the Student Account statement from the college?
If the client's documentation confirms what they are telling you, then the 1098-T is wrong and must be corrected.