Thank you for your response. I do know that $4000 out of $7110 on 1098-T covered room and board because I also have a bill/statement of expenses from the school which shows only about $3000 for tuition and qualified fees. I also see that $5300 were the scholarships and that means only $3000 were for qualified tuition (again based on the statement from school), so that means the rest of the scholarships are taxable - about $2300. But the out of pocket expenses and if there are any additional expenses can go towards AOP credit, if I understand you right.
Who reports 1098-T, parents or student? Or both? since there are taxable scholarships, does my student need to report it (she also worked an internship and has to file taxes anyway).
My student paid the room and board and not us/parents. She is still considered our dependent but she paid any of the out of pocket expenses.
Thank you.
