Taxable portion of scholarship

<p>lindz,
I have the same problem, tuition is reported for 2 semesters (F08 & S09) since tuition is charged and has to be paid in 08, while scholarships are reported for only 1 semester (F08) since they are not actually allocated to the student until 09. The box is checked that shows that the amounts split over 2 separate years and I looked on the back and it clearly states the semesters that the numbers come from. </p>

<p>The problem is that the year that they graduate, the form will show 0 for tuition and several thousand for scholarship since the S semester tuition will have shown up on the previous year’s form.</p>

<p>So far, I’m planning on just using the amounts for F08 for this tax year, so what I report won’t match the 1098, but amounts will be consistent for the calendar year. I’ll keep account records from the school to show how much was paid. But I agree, there doesn’t seem to be a very satisfactory solution to how some schools report their amounts.</p>