my 24 yr old son is in medical school. We provided financial support for his room and board for 11 months of last year. He received Post911 GI bill money for his tuition 1/21-6/21. He had taken out student loans to cover the fall while he waited to see if got another military scholarship. He then commissioned in 9/21, and is now receiving an Army HPSP scholarship for tuition and a taxable stipend,but it was not received until 11/21. Thus he did make more than $4300(stipend), so we cannot claim him as a dependent. The Army not only back paid his tuition for the fall of 21, but also paid his spring 22 tuition at the same time....so his 1098-T shows scholarships/grants for 3 semesters and only Tuition for 2 semesters.We also pulled out the remaining money in his 529 since we had been paying all of his room and board expenses so we received the 1099-Q. Due to the overage in box 5 or the 1098T should we just use both the Q & T on our taxes even though we know we won't get a tax credit?
