Samantha
Level 2
12-07-2019
05:02 AM
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I was wondering if anyone else has run into this. My client has 2, 1098-ts. One was a full scholarship amount. Then the dependent went to school at another college during the summer to prep for grad school. So the large scholarship (let's say 40K) is netting against the smaller summer tuition (say $3K) and as a result, even with book expenses, no educations credits due to "zero" qualifying expenses. Mathematically it makes sense, but it doesn't feel right.
If the scholarship was for one school and not both, how can we not get a credit on the smaller 1098T?
Thank you!
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