I’m not sure if my original post was clear enough.
$12,148 tuition
$10,694 room and board
$123 Books and supplies
I consider at least the tuition and books to be eligible for the credit. His scholarship was only $1500.
My qualified expenses are being reduced by the room and board which is an allowable expense for a 529 distribution. I do understand that it’s disallowed for calculating the credit. The software is allowing the tuition and books, however why is it reducing that amount by $10,000+ (Which I’m assuming is the room and board)?
Isn’t the $12,000+ in tuition fully eligible? My basis was $19,000+ . The $479 final qualified expenses makes no sense to me.
