1098-T Pandemonium

Paying for College
1

<p>Hi,</p>

<p>I received my 1098-T statement from my school.
The amount listed in Line 2 (Amounts billed for qualified tuition and related expenses) is $37,500. The amount listed in Line 5 (Scholarships or grants) is $45,800.</p>

<p>I am listed as a dependent on my parents' tax return.</p>

<p>I would like to know whether I need to file a tax return on the taxable portion of my scholarships and grants ($45,800 - $37,500)?</p>

<p>Please help! I am so confused.</p>

2

<p>Yes, you should, just do a search (advanced) on 1098T in the financial aid forum and you will tons of info</p>