I think I see where I confused you. So I calculated the part of the total scholarships received minus the qualified expenses (tuition and fees) plus the AOTC credit that we (parents) claimed on our return and reported this amount in the Income section Less Common Income/Taxable Scholarships and Fellowships.
When I got to the Deductions and Credits, I entered the numbers from the 1098-T form.
Q1. Do the computer and books ($2000) that parents paid for need to be included in Other Education Expenses here on the student's return? or they already played their role in the parents' tax return.
Q2. TT question - Did your aid include amounts not awarded for 2023 expenses?
Was any of the scholarship income not designated to pay 2023 education expenses?
And when I say, YES, it asks for how much of the total scholarhips (form 1098-T) was not designated for 2023 expenses?
Based on the school financial statements, I see how all the scholarships were received in 2023, but only about half was paid for 2023 tuition plus room and board expenses.
so Is that what I am showing here? The amount of the scholarship money that was paid in January 2024 for the spring 2024 semester.
Thank you for all your patience and help!
I feel like I am going a long way around but that's because I am trying to be honest and don't really know what I am doing.
