Hi,
I teach at a university. My daughter, whom I claim as a dependent, is attending this university toward a Bachelors degree, and is receiving tuition remission from my employer. This is the first year she's been in college, so all this is very new to me. I have a couple of questions:
(1) My daughter received a 1098-T. Box 5 provides the figure that includes both the tuition remission benefit and a couple of small scholarships she received (the scholarships total $2,000). Do I understand correctly that I have to answer "no" when TurboTax asks me whether any portion of the funds in Box 5 were "tax free employer provided assistance"? I get the impression that this expression is meant to refer to a different sort of benefit (e.g., when an non-university employer pays for an employee to take classes somewhere).
(2) On the next screen, TurboTax asks me if any part of my daughter's income reported in Box 5 is already included in her return. Now, on her own return, she will indeed list an amount of $2,000, which she received in scholarships. But the way that TurboTax presents the alternatives here, I am not clear how I should answer. I have to choose either "yes, it has been reported on W-2 or 1099" or "no, it hasn't been reported on W-2 or 1099". The $2000 is not reported on W-2 or 1099, but she is still reporting it on her return. There seems to be a discrepancy between the way TurboTax titles the page and the alternatives it gives me to choose from. So, I am not sure what to write here...
Any other help in navigating the hellish screens yet to come would be most appreciated.
Many thanks in advance to y'all!
