@Hal_Al Much appreciated your help with quick response.
Q&A with some number as an example:
- Box 1 of the 1098-T : $40k
- box 5 of the 1098-T : zero
- Any other scholarships not shown in box 5: None
- Does box 5 include any of the 529/ESA plan payments (it should not): No
- Is any of the Scholarship restricted; i.e. it must be used for tuition: No scholarship
- Box 1 of the 1099-Q: $20k
- Box 2 of the 1098-Q: $600
- Room & board paid. If student lives off campus, what is school's R&B charge. If the student lives at home, only the school's board charge for on campus students. A: around $12k
- Other qualified expenses not included in box 1 of the 1098-T, e.g. books & computers: $500
- How much taxable income does the student have, from what sources: income $30k earned from his summer job
- Is he trying to claim the tuition credit (is he eligible)? Q: probably yes and what is the eligible requirement?
- Is the student an undergrad or grad student? A: undergrad
- How old is the student: A: under 24
- Is he a full time student: A: yes
- How does he qualify to file independent: He pays over 50% of his expenses
