Using some ballpark numbers for privacy and demonstration purposes, Tuition/Fees $13k; Scholarships $11K; Room/Board $3k; and Books/supplies/etc $2.5K. Scholarships are general (Department award, Honors College, Provost Award). I am certain that I do not qualify for a deduction/credit based on the instructions in 8863, so I am trying to confirm that my child does not need to file taxes.
When I don't have a 1098T, there is no place in TurboTax for me to put Tuition/Fees unless I summarily fill in the 1098T Box fields based on what I know, which I could do because, to the best of my knowledge, that form data is not included in my submission since I am not eligible for any educational deduction/credits. Without doing that, TurboTax provides no screen for my situation and tells me that my child needs to file taxes because scholarship/assistance exceeds educational expenses, which they clearly do not. I contend that this is an unhandled situation within TurboTax.
My analysis is that scholarship money does not exceed tuition/fees (as indicated in TurboTax) and that taxes do not need to be filed in my child's name. Would you agree?
