Thank you for all your help with this. I have one more question.
I realized when putting this all in that the school actually included the Room & Board of $7055 in the Box 1 Total of $26,725 on the 1098 T.
So then I really have $26,725 +100 (books) = $26,825 of QEE.
So $4000 (AOTC) + $15250 (Scholarships) + $17,613 (1099Q) = $36,863
$36,863-$26,825 = $10,038 shortage of QEE.
10,038/17613 = $56.99% - .5699x5110 = $2,912.19 taxable 1099Q earnings
Or $10,038 scholarship taxable
In this case would it make more since to put that shortage to the 1099Q earnings?
If so, how would I show that on the students return?
@Hal_Al
