Here is my formula
Total Scholarships for 2023 - total qualified education exp+ AOTC (max) - outofpocket qual.ed.exp.
$22129-11250+ 4000-1913=12966
So you are saying since she is reporting this taxable scholarships as income, we should not be doing any deductions and credits? if you could explain, why, I'd appreciate it.
Of course, it makes her return a lot easier. I just need to understand why.
Right now, I've gone through the whole deductions interview and even entered the scholarships that are designated for 2024 expenses (which is about half).
Are you saying that all of this is not necessary?
Thank you so much!
