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We've received the 2009 1098-T, with the scholarship listed in box 5. Box 1 (payments received for qualified tuition) is blank.

Payment for Spring 2009 was due and paid before January 1, 2009 with the scholarship amount (less than the tuition) deducted from the bill which was received in Fall 2008.

How should we handle this? Is this considered 2009 income? No other tuition payments were due or paid in 2009, as it was all paid in 2008.

As long as the scholarship was applied to qualified expenses you have nothing to report. See Chapter 1 of Pub 970.

Rule Your Retirement Home Fool
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