Thank you! I don't have a1099-Q . I went through the entire interview (Education) and did not see the option "Maximize my tax break". The software says ¨You can't claim an education tax break, you may not qualify because: Somebody else can claim you as a dependent, Scholarships, grants, and other tax free assistance exceed the education expenses, There were no net qualified education expenses"
I confirmed in the personal interview that I won’t be claimed as a dependent. So, if my scholarships exceed my qualified expenses, I cannot reallocate part of the excess to non-qualified expenses (like room and board) to claim an education credit? Do the payments have to be greater than the scholarships as a condition to get the AOTC applied?
