Thank you so much for the help! Yes, I agree that $3,869 the student claims as income. That's the $4000 - $131 we paid out-of-pocket.
"Whether Scholarship or distribution depends."
So if I want to claim $3,869 of the Scholarships as Earned Income, how and where would I enter that into TurboTax? Is it at the screen that asks, "Did you pay for room & board with a scholarship or grant?"
And if I want to claim $3,869 of the distributions "EARNINGS" how and where would I enter that into TurboTax? Is this entered at the end of the Education section that asks for the "Amount used to calculate education credit?" It's not really clear to me what happens when you enter in a number at "Amount used to calculate education credit."
I can enter both to see what happens with her taxes, but I just want to make sure I'm entering it correctly. Thanks so much for your assistance!!
