Hey great info!
Can you please help with this. My daughter got more scholarship income than her tuition, but all of the scholarship income went straight to the school and then they issued checks to her for the extra that was not used for tuition. That being said, we would not be able to claim all of the scholarship money as income and then claim the AOTC would we? Given that the scholarship money was actually paid to the school and then the remainder was issued to her? It appears that we would no be able to claim the AOTC at all and then we would have to show the extra scholarship income that she received as income that is table on her return?
Thanks in advance for any guidance on this.
