Thank you VERY much for the detailed explanation. Please allow me ask just a few more questions to clarify:
1. Would you please explain what you mean by "increase her income by $4,000?" -- how you get this number and how I do this on TT (i.e. how do I add this income in what category)
2. So reporting a number different from the original 1098-T is acceptable? (Box 5 in the original 1098-T is $46,000 and Box 1, $19,000). If I understood correctly, my daughter and I will enter different numbers on our returns (e.g. $0 for Box 1 for my daughter). I'm quite surprised that this could be done legally 🙂
3. Just to confirm -- $2,200 from 529 was too small to report (easily cover the housing cost), so I don't need to report it on my return, right?
4. I may not have all the receipts for her books and lab equipment. Is it ok to estimate?
