joan
Level 1

Student received 1098T for the final spring semester for 2020 with scholarships exceeding the expenses because the expenses were paid for in December of 2019. How is this taxable to the student when the expenses exceeded the scholarships over the 4 year lifetime of being a student? 1098T forms were reported incorrectly up through 2017, meaning they did not allow for the tuition and scholarships to align. It shouldn't matter if they show excess scholarship in the final semester because the expenses were paid earlier.  How can this be addressed to protect these graduating students from erroneous income their first year of reality when the scholarship was used correctly.  Is there an entry line I am missing in Intuit program that allows for the timing of the expenses?

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