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Get your taxes done using TurboTax
If you were entering 529 information, then it would make sense but not for a 1098-T. Sometimes box 5-box 1 is used and that is the taxable income. You can shift it around some.
Box 5 of $17282 - $12,176 room and board left only a little for tuition = $5,106 but tuition paid was $10,077 which means you would qualify for full AOTC since you spent over $4,000 out of pocket. The credit on your return would more than compensate for a little bit of tax on hers. Let her pay tax on the $12,176 while you take a huge credit and save thousands. She may not have a tax lability or it could be very small.
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‎January 29, 2024
4:46 PM