I noticed your posts about a "loop hole". If someone receives a 1098-T WITH TUITION, BOX 1 OF $7172, AND BOX 5 SCHOLARSHIP OF $14556, and the student had no additional income. If the parent claims them, the student has a tax liability of $105 (if the parents files the 1098-T, the student doesn't have to file, correct?). But, you make it seem like the parent to file the tuition amount up to $4000, and then the student file taxes and claim the scholarship and the other $3,712? That loop hole is confusing. Am I incorrect in my understanding?
Claude
