Have you all found a big difference (refund wise, I guess) if you versus your child claims the 1098-T amount on their tax return? Will it bring up a red flag if my daughter, who made only 5k this year, is entering that she paid 20k in tuition after scholarships? I guess I'd prefer she claim it than her dad or I, since he and I are divorced and though both contributed with our daughter toward her tuition, we'd then have to figure out who gets to claim it and how then to share the benefit with the other parent.
Also, how many have used TaxAct? It sounds appealing in that it will somehow input stuff for FAFSA? How does that work?