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@AmyC  said: If the parent qualifies for AOTC and claiming dependent: What you should enter to get the credit. Enter the 1098-T box 1 $4000 box 5 zero   What the student should enter: Box 1 amount was $8300 but parent took $4000 this leaves $4300. Student will enter $4300 box 1 Box 5 full scholarship amount of $19000   I concur with that advice.  If the student has some book and computer expenses, those can be entered to reduce the taxable amount.  But it isn't necessary, in your case, as the current taxable amount $14,700 (19,000 - $4300 = 14,700)  is less than the $15,750 filing requirement.  Technically, he does not need to file a tax return.  Some experts recommend that he do so, anyway, to document the reporting of the taxable scholarship amount that frees up the tuition that allows the parent to claim the tuition credit. 

If the return has already been filed and accepted, you won't be able to make any changes.    Otherwise, If you haven't filed your return yet, you must change your refund method to standard direct deposit.   In your Intuit account, click in the "File" section. Select the option detailing your refund method and click "Remove" or change from the "Up to 5 days early" option to standard direct deposit. Even though the early fee is already presented as an option, you can just click the “No thanks” box.

Yes and yes. Your son has 1098-T with an empty box 1 for tuition and box 5 has a $16,000 scholarship.  The 1098-T will not go on your return since there are no educational expenses to claim for a credit.  Instead, your son will file a tax return and enter the 1098-T. Line 5 scholarship not used for educational expenses is taxable income.  The scholarship income also counts as income for the kiddie tax. See What is the Kiddie Tax? @alve87

The correct response to Schedule Q is "yes". While you are correct that the LLC is a "disregarded entity" for Federal purposes (meaning its income flows directly to your Schedule C), Kentucky law requires a single-member LLC (SMLLC) to file its own Form 725 to pay the Limited Liability Entity Tax (LLET).    If you answer "Yes" on Schedule Q, Kentucky requires you to attach Schedule DE. Since your Federal return shows income under your SSN, but your Kentucky LLET return shows income under the LLC's FEIN, Schedule DE tells the state exactly which individual "claims" that disregarded entity's activity.     Although this may feel unnecessary, the state sees this differently. From the state's perspective:   Form 725 calculates the LLET (the tax for the privilege of doing business in KY). Schedule DE connects that LLET-paying entity to the Form 740 (Individual Income Tax) return you file as a natural person    

Provided the distributions were made within 65 days of the close of the tax year, you can use Section 663(b) so that the distributions made in 2026 are considered to have been made in 2025.   See https://www.law.cornell.edu/uscode/text/26/663

Can you clarify your question?  Please include what are you trying to report and where.  Also, whether you are the employer or the employee.  Include any other relevant information like type of return, form entering, etc.

To file your tax return Married Filing Jointly, you will start your return in TurboTax and fill out information about you and your spouse in the My Info area. That is where you you will be able to select that you want to file the return married filing jointly.   Here is a TurboTax article on married filing jointly vs. separately that may be helpful.

You can either enter it as if it was a separate Form 1099-B, or you can enter the single transaction as a summary total for the category of Short-Term Non-Covered.  After all, that is the total for that category.  Either way is acceptable.