Hello @Hal_Al ,
I am filing our taxes (single under $60,000 income) and I am stuck on this question:
" How much of the $2,740 received in Pell grants and scholarships do you want to allocate to room and board or other noneducational expenses? "
Here is the info I entered so far into each of the questions asked:
I filed my 1098-T form with box 1 = $1,415.25 (tuition) and box 5 = $2,740 (scholarships)
Did I pay for books or materials for school? YES
Cost of books and materials that you had to buy directly from the school: $0
Cost of books and materials that you didn't have to buy directly from the school: $250
Your 1098-T reported $2,740 in scholarships or grants. Did you receive any other scholarships or grants not reported on a 1098-T? NO
Do you want to allocate part of your Pell grants or scholarships to room and board or other noneducational expenses such as travel, research, or certain equipment? YES
How much of the $2,740 you received in Pell grants and scholarships do you want to allocate to room and board or other noneducational expenses? ????
How do you figure this number? I am trying to get the refund owed to us, not anything extra or unusual, I am just not sure the best way to answer this question and be accurate. Please help if you can, I am about frazzled with this. Thank you in advance.
