Sorry, I posted this earlier and wasn't able to follow the response. I read someone in a similar but not identical situation and they posted like I am doing now and I was better able to follow that response. Please provide step by step; sorry not picking this up better.
The numbers:
$11,346 Payments to schools for qualified expenses
+ 1,078 Books purchased outside the school for classes
$12,424 Total qualified expenses paid
- 4,000 AOTC
$8,424
- 13,750 Scholarships not restricted to tuition
$ -5,326 What the child will end up claiming as taxable scholarship income
There were distributions from the child's ESA for Room & Board totaling $15,157 with $2,800 of that being paid directly to the student (the rest paid directly to the school).
Parent using TT Home and Biz desktop (Mac) and child using TT online and already filed (assume they will need to amend).
What is the process to be followed in both parent and child return (amendment)? A 1098-T was not provided but university says they will upon request. I don’t see an option in TT Home and Biz to say I qualify for an exception. Does this mean I have to request a 1098-T from the university?
Does it matter that I haven't located any info stating the scholarships must be used for tuition?
Thanks.
