Hi, I'm a freshman who's about to file my taxes, and I'm really confused as to how to claim my scholarships. I had about $14k in outside scholarships, plus a $12700 merit scholarship from the school and a valedictorian tuition exemption. Cost of attendance was about $18k (Tuition, fees, books = $7018 + $845; Room and board = $7275; Misc = $3326).
So what is taxable and what isn't? I'm really confused and so are my parents. The school also told me they didn't have a 1098-T form prepared for me because I had grants/scholarships way above COA so I don't have to report anything to the IRS, but that doesn't sound right to me. I appreciate the help!