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Education
Thank you for your response, A message that is displayed in Turbo Tax after I receive the credit for college states that she (my daughter) needs to file for the Room and Board $8600 as income
(Also from the remaining difference of box 5 and box , the total is $6,324 (more scholarship than tuition) $3858 are for non educational expenses and I am thinking if this is also consider "income"?)
If yes, total is $12,458 and standard deduction is $12,400. However I made an account for her to calculate and is totaling $0 for payment. So she does't needs to file an income tax? She didn't work in 2020 and doesnt.
If no, total is just $8600 and is lees that standard deduction, so she doesn't need to file?
Thank you so much for your help
March 3, 2021
8:10 AM