@Hal_Al
Thank you very much for the detailed response.
I have a few follow-up questions while entering data into the Education Expenses and Scholarships section. After selecting “No” to “Did You get a 1098-T for the year and checked “I qualify for an exception”, TurboTax is asking:
1) Where I went to school and the school address. Do I provide the school’s name here? Also, my school uses a different address on 1098-T vs 1099-NEC so which address do I use? Or do I need to find my school’s mailing address for this purpose?
2) “Enter the Amount paid to the university in 2024”. Should I enter zero here since I have selected “No” to receiving 1098-T or do I need to enter the 1098-T amount here?
3) “Was any of the scholarship income not designated to pay 2024 education expenses”? Should I select “Yes” or “No” here?
I am thinking “No”, is this correct? Looks like either way I select, TT takes me to the next screen asking “Did you pay for room and board with scholarship or grant” page. I then enter the amount per your instruction above.
4) “Did You Ever Receive the American Opportunity or Hope Credit”: Do I answer “Yes” and provide the number of years here even though my parents have been claiming AOTC on their returns?
Also, is there anywhere in TT that I can indicate the stipend came from a 1099-NEC? I am a little concerned since my school is furnishing the 1099-NEC to IRS, and I did not report it as a 1099-NEC income, rather as a scholarship, therefore resulting in a document matching error. Will I get into trouble with the IRS? Is there any way to prevent the document matching error?
