Yes, the numbers are required to determine how they should be allocated.
There are three things you can do with your Qualified educational expenses (QEE):
- Allocate them to scholarships (so that the scholarship remains tax free)
- Use them to claim an education credit
- Allocate them to the 529 distribution (1099-Q) so that it will not all be taxable
What I frequently see here are simple solutions, It's the complexity of inputting info to get TT to do the best. It frequently takes a workaround, using the numbers.
Here's an example. https://ttlc.intuit.com/community/college-education/discussion/is-any-of-my-son-s-college-scholarshi...
