Education


The $5,000 comes from the example:

Books and computers are also qualifying expenses for the AOC. So, extending the example, the student had another $1000 in expenses for those course materials, paid out of pocket. She would only need to report $5000 of taxable scholarship income, instead of $6000.


Box 1 $12,511

Box 5 $6,413

 

There’s no info at spoiler.

She has additional income from working and school expenses such as: books, laptop. Approx  $1,300