Thank you @Hal_Al and here's the info
- Are you the student or parent: Parent
- Is the student the parent's dependent: Yes
- Box 1 of the 1098-T: 12,570
- Box 4 of the 1098-T: 1,914 (what is the impact of this?)
- Box 5 of the 1098-T: 13,877
- Box 6 of the 1098-T: 497 (do I need to do a 1040-X for last year?)
- Box 8 of the 1098-T: checked
- Rest are blank
- Any other scholarships not shown in box 5: Yes, $333
- Does box 5 include any of the 529/ESA plan payments (it should not): No
- Is any of the Scholarship restricted; i.e. it must be used for tuition: No
- Extra: Took an online class at another qualified school for $682. Requested the 1098-T or tax id.
- Box 1 of the 1099-Q: 18,000
- Box 2 of the 1099-Q: 8,783
- Box 3 of the 1099-Q: 9,217
- Box 5 of the 1099-Q: State
- Who’s name and SS# are on the 1099-Q, parent or student (who’s the “recipient”)? Student
- Room & board paid. School's published COA for R&B: $16,980
- Other qualified expenses not included in box 1 of the 1098-T, e.g. books & computers: $5,131
- How much taxable income does the student have, from what sources: $2,555 from W2 (nothing else, no unearned income)
- Are you trying to claim the tuition credit (are you eligible)? Yes and Yes, so far I do get the $2,500 AOC as the parent
- Is the student an undergrad or grad student? Undergrad, 2nd year
- Is the student a degree candidate attending school half time or more? Yes, fulltime
Out of town, will review and communicate back on Monday. THANK YOU!
