Here are the answers -
- Are you the student or parent. Parent
- Is the student the parent's dependent. Yes
- Box 1 of the 1098-T 27008
- box 5 of the 1098-T 15750
- Any other scholarships not shown in box 5 No
- 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
- Box 1 of both 1099-Qs ESA 275.28 529 17336.20
- Box 2 of both 1099-Qs ESA 0 529 2087.47
- Who’s name and SS# are on the 1099-Q, ... (who’s the “recipient”)? ESA - student ; 529-parent
- Room & board paid. If student lives off campus, what is school's R&B on campus charge. If he lives at home, the school’s R&B “allowance for cost of attendance” for student living with parents. R&B 6353.48 COA 6525
- Other qualified expenses not included in box 1 of the 1098-T, e.g. books & computers None
- How much taxable income does the student have, from what sources Wages 580 Unearned 1500 so I haven't thought this all the way through, but putting scholarship on her return seems like it will result in more taxes than 529 plan earnings on our taxes.
- Are you trying to claim which tuition credit (are you eligible)? Not eligible for AOC. Since we paid the spring semester in 2023, we are eligible for LLC. Trying to claim LLC
- Is the student an undergrad or grad student? undergrad
- Is the student a degree candidate attending school half time or more? yes
Parents taxable income is between 160,000 and 180,000 so we know that we can not get the full credit.
