ViS
Level 2

Education

Sorry for the confusion.

Here are the numbers :

Box 1-16,400

Box 5-19,200

Additional qualified expenses-$1200.

 

From what I understand-my daughter should report $1600 and taxable income. But if she reports $2000, it gives us  a little bit of AOTC. I was under assumption that she literally can put any amount as taxable income from her scholarship. Am I wrong?

Thank you