RE:$45,000 less $26,000 (scholarship, used to pay for tuition fee) = $19,000 (excess distribution), so we're paying taxes and penalty earnings part of the $1900...
$45,000 less $26,000 (scholarship, used to pay for tuition fee) = $19,000 (excess distribution), so we're paying taxes and penalty earnings part of the $19000 (...
Claiming LLC or AOTC gives my son a full refund of the $64 tax deduction from his lifeguarding job, but he ended up owing almost $300 in state taxes (Virginia)....
I made several withdrawals from several investment accounts. Two were disbursed in 2023. One withdrawal (payment made to us, not our son) was used to reimburse ...
