<p>I am a long time reader although this is my first post.</p>
<p>My D1's 1098-t is wrong. In box 5 which list scholarships/grants it lists an outside loan that she has. This is a local loan with no interest, 40% forgiveness on repayment with good gpa etc. She actually goes each semester while she is home and shows this organization her gpa and they write her a check which she turns in at school.</p>
<p>I am doing my taxes on TurboTax and am wondering if I can just change the way I enter the info for the 1098-T into TT to make it correct?</p>
<p>I have also read about electing to use the scholarships/grants for room and board instead of tuition to take advantage of tax credits. I am also wondering how do you go about this? Do you change the amounts you enter off of the 1098-T? She has several grants/scholarships but none are tuition only.</p>