Client's daughter's 1098-T shows amounts billed in 2020, not amounts received. I've even talked to the bursar herself, and she insists the form is correct. The way the form was submitted, some scholarships will be taxable.
I have reviewed this thread: https://proconnect.intuit.com/community/proseries-tax-discussions/discussion/1098t-should-box-1-incl...
However, I am still unsure of what to do - enter the correct number and hope for no IRS letter? I am inserting a statement, but am not clear on what else to do. I appreciate your assistance.
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