for a 1098-T, what do you do if the amount in box 5 is different than the total amount..

purplekbear2004

New member
...for financial aid? my sisters 1098-T, box 5 is 4625. however she gave me this list for grants and scholarships she recieved.
Federal Pell Grant: $1300
Colorado Student Grant: $950
CSU Land Grant: $2375
Gilman Scholarship: $4000

do i add all these together and then subtract the amount in box 5? then whatever is leftover is taxable income?
 
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