@AmyC - please help me out here, if there are not $4000 of living expenses (it's unclear), then that the portion of the remainder that is income/ dividends on the original money is taxable (there is a formula) and then there is a 10% penalty on top of that.
The strategy is to use as much of the 1099Q money as possible to cover room and board, that way the net money on the 1098T is available for the AOTC credit.
