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Education
@GregoryJK You are doing Kiddie tax on your return for the investment income then a separate return would not be necessary since below the threshold. See:
@Revchap7 Room and board costs do exist to an extent at home. There is still some food expenditure and internet expenses along with any other school needed supplies. If it is only $1,100, that could be covered by the internet and food alone. Do document in your notes why you did not claim, in case you are asked. See page 52 for qualified distributions at IRS Publication 970, Tax Benefits for Education.
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May 11, 2021
1:18 PM