nope - let me get you more tax savings....
1) Take 1098T Box One, subtract Box 5 (which for the first two years has been her scholarships).
2) calculate the AOTC. If I am eligible for the max, subtract $4000 from the answer in 1)
2) Take 1099Q Box 1 and subtract that. If there is a negative number as a result, it means I jumped ship for Tahiti! if there is a positive number, then some of the Box 2 earnings are taxable, but that is a small price to pay for getting the $2500 tax credit in 2)
