How did the University figure out what amounts to include in Form 1098T Box 5 – Scholarships or Grants?
The figure in Box 5 Scholarships or grants includes scholarships and grants which have been administered by the University of Wisconsin-Madison. Starting this year at UW-Madison, this box does not include payments made by a third party under a formal billing arrangement (i.e. 529 Plans to which we bill the program, employer provided educational assistance (regardless of taxability), military, etc.). If you received other forms of outside scholarships and grants not administered by the University of Wisconsin System, it is your responsibility to adjust the figure accordingly. Third party payments do not include payments made by your parent or other individuals.
The figure in Box 5 – Scholarships or Grants includes scholarships, grants and, if applicable, payments made by a third party under a formal billing arrangement (i.e., outside scholarships, employer provided educational assistance [regardless of taxability], military, etc.) which have been administered by the University of Wisconsin Madison. If you received other forms of outside scholarships and grants not administered by the University of Wisconsin Madison, it is your responsibility to adjust the figure accordingly. Third party payments do not include payments made by your parent or other individuals.
Related Questions
- How did the University figure out what figures to include in Form 1098-T Box 2 Amounts billed for qualified tuition and related expenses?
- How did the University figure out what amounts to include in Form 1098-T Box 4 Scholarships or grants?
- How did the University figure out what amounts to include in Form 1098T Box 5 - Scholarships or Grants?
