I don't mean to sound like a complete idiot but this is the first time that I've heard of this and this is the first year that I'm really stuck on taxes as my daughter got far more scholarships this year and it appears that it's going to hurt her more then help her. Box 5 is 25868.00 and box one is $16893.00. It sounds like she really came out ahead but the money was used for off campus housing. Are you able to explain this loop hole to an uneducated single mom who is most defiantly confused and needs the best tax outcome.
