philmajor (philmajor) wrote in tax_prep,
philmajor
philmajor
tax_prep

1098-T Confusion

Hello, I'm a full-time graduate student. I received my 1098-T with the following information. Scholoarship = $38K (box 5) and amts billed = $37k (box 2), stipend of $19K (not shown) what amt is taxable? The $19K is the only income and part of it was used for books and required school items.

Thanks, hopefully your answer will assist others that are confused!
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