I have a question, so Im a first year in college and I am a dependant of my parents, I have gotten 26K of scholarships, and 15K was for education expenses and 17K was for room and board, and I was doing the 1098-T or whatever its called on the irs to calculate my taxable 'income', so my taxable money is 10799$. What does this mean? Also do I have to report my refunds from the school? Im so confused and worried for my parents. I dont want them to have to pay for my school. pls help.
