Hal_Al
Level 15

Education

Yes, you did the calcs right and yes you can and should combine the the two 1099-Qs and just make one entry in TT. (assuming the same "recipient").

 

Computers, as well as books and other course materials, are qualified expenses for the 1099-Q.

 

Don't forget the tuition credit. 

 

Having the student report  some of his scholarship as taxable is usually the smart move.  If he has no other income the first $12,400 is not taxed.  Scholarship income is treated as earned income for purpose of calculating a dependent's standard deduction, but unearned income for the "kiddie tax".