Thanks again for your help. As discussed yesterday this was how we would enter info based on 1098:
1098 T
Box 1= 12,895
Box 5= 16,912
Entering on ours:
Box 1= $4k
Box 2= 0
Entering on dependent students:
Box 1= 8,895
Box 5= 16,912
I have another question...My son also took a 3 credit course from SNHU (required for his UG) and we paid $2k but received no scholarship/grants for this. We had briefly forgotten about this and just emailed the college to check on the form. Would inputting this 2nd 1098 affect the numbers we input on Box 1 from the 1st 1098 (as shown above)? I wasn't sure if it's just considered an additional QEE that will reduce the excess taxable amount between QEE and scholarships overall or if I need to adjust the $4k (from the 1st 1098) we are freeing up to then be considered out of pocket so we can claim the AOTC? I'm sure I'm making it all more complicated than it is, but figured worth asking. Thanks!!
