Thank you!
Another question I am struggling with is with the question that TT is asking:
How much of the total scholarships received was not designated for 2023 expenses? Since it was her Freshman year, the school reported scholarships received and tuition paid for both Fall 2023 and Spring 2024 expenses. Do I need to calculate what part of that total scholarships received is actually for Spring 2024 expenses and input that here? And what do i do with that amount the following tax year? Do I add it to total scholarships received?
Can I just leave that TT question with the answer NO?
The way the school processed 1098-T form for 2023 is puzzling to me and is throwing me off this tax year. They did mark that the expenses were for the academic year.
Does it mean that room and board expenses my student had also need to be applied the same way the school calculated tuition cost?
