I do not know if this is OT, but I thought I would ask.
Was any of the Alice’s financial aid already included as income?
Tell us if any of the $XX,XXX in Box 5 of Alice’s 1098-T includes amounts already reported as income on Alice’s tax return.
Yes Alice had scholarship or other aid reported on a Form W-2 or Form 1099-MISC
How much of the $XX,XXX received in scholarships, fellowships, grants or other aid was already reported on Form W-2 or Form 1099-MISC as income?
No, Alice did not have any scholarship or other aid reported on a Form W-2 or Form 1099-MISC.
Situation: Box 1 (Payments received for qualified tuition and related expenses) is approximately $4000 less than then Box 5 (Scholarships and grants).
Question: Can my daughter report the $4000 as income on her tax return if she did not receive s Form W-2 or Form 1099-MISC reporting $4000 as income?