TAXMAN Posted March 14, 2017 Report Share Posted March 14, 2017 OK I am not sure. In 2015 TP received 1098T with the box checked includes amount for the next spring. TP had more than amount needed for ed last year without using the amount billed for the spring amount. In 2016 TP finished and paid a payment for what was still owed. 2016 Form 1098T has absolutely no #'S on it at all. So question becomes what do you do with a payment in Jan 2016 that paid for the spring quarter since the 1098T has no numbers on it? Quote Link to comment Share on other sites More sharing options...
Catherine Posted March 14, 2017 Report Share Posted March 14, 2017 Bursar's Office printout of charges and payments (with dates) for the year. 4 Quote Link to comment Share on other sites More sharing options...
TAXMAN Posted March 15, 2017 Author Report Share Posted March 15, 2017 Catherine That's what I thought even though the 1098T has no numbers on it. TP still paid and still went to school. Now if I may ask if school cost 2600 and we got non repayable grant money of 2500 and scholarship money paid to school of 1500 and school refunds to tp 1400 can I choose to pay the tax on the scholarship money on daughters return and take the ed credit on mom and dad? I think somewhere I read this is ok. Quote Link to comment Share on other sites More sharing options...
Catherine Posted March 15, 2017 Report Share Posted March 15, 2017 It's late and I'm tired so I did NOT go through all your numbers, even in my head. But in general, as long as you make taxable income the source of payments, you can take the ed credits. Who gets them and refundable or not is in the details that I'm too tired to parse out. 1 Quote Link to comment Share on other sites More sharing options...
Possi Posted March 15, 2017 Report Share Posted March 15, 2017 10 hours ago, TAXMAN said: Catherine That's what I thought even though the 1098T has no numbers on it. TP still paid and still went to school. Now if I may ask if school cost 2600 and we got non repayable grant money of 2500 and scholarship money paid to school of 1500 and school refunds to tp 1400 can I choose to pay the tax on the scholarship money on daughters return and take the ed credit on mom and dad? I think somewhere I read this is ok. This is a question for Rita! She might hug me for this! 2 Quote Link to comment Share on other sites More sharing options...
RitaB Posted March 15, 2017 Report Share Posted March 15, 2017 4 hours ago, Possi said: This is a question for Rita! She might hug me for this! Catherine nailed it. Tired or no. 1 Quote Link to comment Share on other sites More sharing options...
TAXMAN Posted March 15, 2017 Author Report Share Posted March 15, 2017 Thank you. I am glad to see that great minds think alike. 4 Quote Link to comment Share on other sites More sharing options...
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