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Get your taxes done using TurboTax
The $8000. number came from my hand calculations of 1040 and form 8615. The reason I hand calculated was that TT came up with the 8615 form but no parent numbers included. It would have let me e-file that way! When I put the parent numbers in, the $8000. is what I got! I assume I was using the right tax tables.
Since my last note I have run the parent return with the student as a dependent. I got the $2500.
I have just run the student return again from scratch and got the same as before.
On the student return there is no easy way to input the 1098-T. To do so I have to answer "yes" to scholarships but enter no data when it asks for the number. I then can get a summary identifying the school with a chance to edit. When I do that, I can input the 1098-T data. If I had put numbers in answer to the scholarship question it would merely add the two scholarship numbers!
You seem surprised by the size of the $8000, as I am. Do you think I am using incorrect tax tables?