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Education
Confusion is coming from 2 answers with different opinions.
Here are the numbers :
Box 1-16,400
Box 5-19,200
Additional qualified expenses-$1200.
Disregard the trip since it is not qualified expense.
Put it in simple question-since ALL of her school expenses paid by scholarship, would it be allowed for her to claim any amount as taxable income in order for us to get AOTC?
I looked through Publication 970, but didn't find anything about scholarship being higher than all the expenses.
March 4, 2020
7:59 AM