Thanks but this is neither simple nor obvious. It is so unstructured that I can't relate it to any other tax process I have ever encountered. It seems to require addressing tuition, scholarships and expenses, each at a gross level versus netting them out against each other first. Not used to that kind of ad-libbing with taxes. Couple of questions/comments:
1. Is it fair to say that the following determined the sequence you followed?
AOTC does not cover room & board.
Use all of the 1099Q money first.
Apply scholarship/ grant money to any remaining tuition.
Anything left is add'l income.
2. This process looks programmable to me. I don't understand why it is not automated better within TT. I don't know if I can stand this for five more years. Altho I'm a 20 year customer, I'm going to be shopping around.
Thanks again for your help. Now I have to figure state.
