I should have not come back here!
Hal_al...if you are an accountant in PA I should make an appt!
Well...maybe I am thick but my take away on all this is...
If your dependent is a commuter..lives at home...is lucky enough to have 529 dollars to cover the tuition balance after tuition minus scholarships and grants as reported on the 1098t then by all means use it. You will still get AOC due room and board living at home expenses which easily cover the 4k.
I guess the trick is whether or not to enter the 1099q. If you do..TT may say you do not qualify for AOC...in which case you must somehow somewhere add that room and board expense to TT to try to get TT to show the credit...or simply delete the 1099q...TT will now show the credit...and if ever called into question...discuss the fact that the student lived at home at that point with the IRS.
Is that about the size of it?
