Thank you, @Hal_Al This is very helpful.A few questions.–I get the $400 calculation taxed at the parents’ rate. So, to confirm, if this is the “lower number,” o...
A million thanks for going the distance with me.One quick follow-up: In the correct 2024 equation (A) where child taxable income = $316, I thought that any amou...
Thanks@Hal_Alfor your last reply and all your help!A few (late) notes and questions, sorry.–The 1098-T Box 1 ($10,526) includes fall 2023 and spring 2024 charge...
Thanks for weighing in. I totally get that the IRS "loophole" of using taxable scholarship to increase QEE is real and legit. My hesitation is mostly the 1098-T...
