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Get your taxes done using TurboTax
I would report it as Scholarship income in the manner that I prescribed to see if this would make a difference. I suggest reporting in this manner because some of the educational expense may offset some of the taxable income from the scholarship. it may not make a difference but you can try.
The $180,000 is the amount that the educational credit begins its phase out it sounds like you will receive the credit.
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‎February 26, 2025
12:51 PM