@Hal_Al
I found the issue: Adding the actual 1098-T to the student's tax return would
(a) overwrite the field on schedule-1 line 8r and
(b) it would not allow me to reenter or correct the scholarship data - essentially locked the zero value on schedule-1 line 8r (a bug in the program!)
This is how I resolved this:
- I grabbed an earlier version of her return to start fresh
- Entered the total scholarship of $3834 as income (which populated schedule-1 8r with the same $)
- Entered the 1099-Q data
- Entered the school expenses without the 1098-T: I selected that "I have not received 1099-T" and then selected that "I qualify for an exception". Hence I didn't have to enter any scholarship data - no duplicates.
- TT clearly identifies that she cannot get the education tax credit (since I will be getting it)
Now the her additional taxable income is reduced from $1782 to $204. Her end result is a Fed tax refund of $43.
Q1: Have I correctly done this portion of her tax return as far as you can tell?
Q2 on my tax return: I should enter the 1098-T data but not the 1099-Q (since 1099-Q was fully utilized under the student's return) - do you agree? This will give me an AOC credit of $1000. Anything else?
TIA
