Thank you so much for your helpful workaround solutions in Turbo Tax.
My son's return:
I verified that the excess scholarships ($28,962 -$14,147=$14,815) is on line 8r.
However the summer stipend of $750 - (1099-nec) is reported on line 8z- Other Income. Did I enter the stipend correctly?
On my return :
1.) I entered the $1013 out of pocket expenses as you recommended in box 1 of the 1098T .
There is another screen on Turbo Tax which asks " Did xx pay for books or materials to attend school?.. Enter books and materials required to be purchased from the school. Could I enter the $1,013 out of pocket expenses here instead of 1098T and still give the same results?
2.) On another screen Turbo Tax asks for the scholarships that my son received;" Did xx receive a scholarship or grant in 2022? If so, how much?
Should I leave this blank since my son will report the excess scholarships of ($28,962 (box5) -$14,147 (box 1)=$14,815*) on his return? If I leave this blank, then I get an American Opportunity Credit equivalent to the out of pocket expenses ($1,013) that I reported on box 1 1098 T.
If I enter the excess scholarships amount of $14,815* , Turbo Tax says I do not qualify for any education deduction (ie American Opportunity Credit.) I do not get any credit for the out of $1,013 pocket expenses/American opportunity credit. I just want to know what is the correct thing to do.
Thanks for all your help and patience.
