So if it put 10,000 in for the lifetime learning credit I thought that was only $1,000 why is it awarded me $2,500?
Nevertheless it sounds like I have three options....
One is to enter the queue on her return and somewhere in there put $778 as taxable income. Where would I put that?
The second option would be to delete the 1099q all together and not reported on either return and I guess if I get audited I just need to show that I had $4,000 in expenses which it sounds like you're saying is living at home? Would that not raise a red flag that I'd reported both forms in the past and only the T form this year?
Would a third option be to leave everything the way I have it now? What would be the reality of the situation.. would it somehow know to look on her form to see it look for the Q for the 778 in taxable income?
