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Education
@jmhwoodsy Yes, you are correct that your daughter will report the excess Scholarship amount as income on her return (if she is required to file a return).
Since you don't qualify for an Education Credit, she can report the 1099-Q on her return also.
Click this link for more info on Reporting Taxable Scholarship Income.
Here's a detailed article on Form 1099-Q.
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‎January 21, 2021
4:11 PM