For more specific advice, provide the following info;
- Box 1 of the 1098-T is $9,173.00
- box 5 of the 1098-T is blank
- Any other scholarships not shown in box 5 - no scholarships
- Does box 5 include any of the 529/ESA plan payments (it should not) Box 5 is blank
- Is any of the Scholarship restricted; i.e. it must be used for tuition - no scholarships
- Box 1 of the 1099-Q is $9,363.99
- Box 2 of the 1099-Q is ($153.91) (negative)
- Room & board paid. If student lives off campus, what is school's R&B on campus charge. Student lived home, but was not charged for this luxury 🙂
- Other qualified expenses not included in box 1 of the 1098-T, e.g. books & computers - no other qualified expenses. Since it was her last semester she was student teaching.
- How much taxable income does the student have, from what sources - Adjusted gross income was $26.224. She earned this student teaching during her last semester, working as a camp counselor during the summer and working as a teacher substitute while waiting for her certification to be processed, working as a full time teacher when said certification became final. After a $300 adjustment for teaching supplies she purchased for her classroom, and the standard deduction, her taxable income was $13,274
- Was student half time or more. She was considered halftime or more. Box is checked on 1098T
Thank you for your help!
