Oh, yeah, that's right LLC is up to $10,000. So, what does the amount in line 1 mean to his taxes? He gets a salary/paycheck which he pays his own living expenses. The scholarship is tuition, fees only. Can he use any of that scholarship figure of $7,700, add to his income and take the credit? I may be dreaming here, but why did the tax software ask me how much of the scholarship do I want to include in income? Thank you.
