khan_noman14
Level 1
03-13-2021
01:16 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I have come across Form 1098-T wherein amount in Box 5 exceeds amount in Box 1 by $2,500.
Should the excess be treated as a taxable income? Or should I ignore entering anything on the tax return.
Please advise.
Thanks,
Noman
Labels