Thanks so much! Here are some answers.
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- Are you the student or parent. Parent
- Is the student the parent's dependent. Yes
- Box 1 of the 1098-T :$12896
- box 5 of the 1098-T: $6750
- Any other scholarships not shown in box 5, No
- Does box 5 include any of the 529/ESA plan payments (it should not): No
- Is any of the Scholarship restricted; i.e. it must be used for tuition: No
- Box 1 of the 1099-Q: $16895.59
- Box 2 of the 1099-Q: $6285.02
- Who’s name and SS# are on the 1099-Q, parent or student (who’s the “recipient”)? Parent
- Room & board paid. If student lives off campus, what is school's R&B charge. $12,225 lives on campus (an off topic question, she will live off campus next year, for future returns, shall we use the actual apt rental rate or school published rate for next year? Your question seems to imply we should use the school published rate in the future when she lives off campus?)
- Other qualified expenses not included in box 1 of the 1098-T, e.g. books & computers: $100
- How much taxable income does the student have, from what sources: intern $5000
- Are you trying to claim the tuition credit (are you eligible)? Yes, I claimed the $2500 AOTC last year and like to claim again this year.
- Is the student an undergrad or grad student? Under
