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Form 8615....what the heck
Hello to anyone reading this. My daughter is a full time student on a scholarship. The school gave me a 1098-T, I plugged it all in Turbotax 2024. She has no w2 or any other income, etc. Her tuition was 9654, the total scholarship was 31329. I understand the 21000 ish is taxable. Turbotax had her owing about 700 to Federal, about 150 to state. One of the review questions was how much is your parents AGI, line 6 I believe. Once I put that number in, her taxes due jumped up to almost 2000. What is the deal since I am already getting taxed on that money in my taxes? Any help or clarification would be greatly appreciated.
‎April 2, 2025
5:37 PM