As I am doing taxes for my daughter, trying to figure out how/where to declare the scholarship as income. The example is : 16000 for Tuition & fees, and $6000 is the scholarship. When I got the 529 distribution, it was made to my daughter, and I did not take out $6000 in the distribution. I guess, that excludes me from declaring it, right?
Also, since I paid more than half of my delighter support, I checked yes for "can she be claimed as someone's dependent". If I do that, there is no AOTC.
Can some one guide me? She also earned about $7000.
