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Education
Thank you for your response. I was able to complete my son's return and TT calculated the taxable amount of his scholarships. based on the 1098-T ($620). I then added additional scholarship income to his income section so that I have $4,000 available for AOTC on our return. On my return, do I adjust Box 5, Scholarships, on the 1098-T to reflect the $4000 that is now claimed as income elsewhere in order to get the full AOTC credit?
March 12, 2022
7:49 PM