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Education
If you claim the student, you would enter the forms into your program to apply for an education credit, however if tuition was only 1,695 (box 1) and he received 2,740 in scholarships, plus another 8,304 in a distribution, there would be more aid than tuition and the student would end up claiming income.
Is there more to the story?
Was the distribution used for room and board?
That would still leave scholarship income.
Did he buy books or supplies?
Again, you enter the education forms into your program so that your program can do the math, but you also need to have an idea about what payments went where, if anything crossed tax years and if you want the student to claim more income if that would allow you to get a credit.
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‎April 12, 2022
6:49 PM