<p>@mathmomvt
Are you saying I should take the full credit or just the amount we paid for the summer class?
No my D didn’t buy any books. She had something called a SOG award which is a voucher for books. </p>
<p>@momcat2
Cost of Attendance $18336
Scholarships $14603 ($3570 is earmarked for tuition - we can use the other scholarships for any type of expense)
Tuition/Fees $8151
Our Out-of-pocket $3733 + $890 for summer tuition (we did not take out any loans - my mother, myself & my daughter all contributed to the expenses)</p>
<p>*Just curious, why would it matter if we paid expenses from money we received from a loan or if we paid expenses out-of-pocket (checking account, savings, cash, etc)?
The only cost that was paid directly to the college from us, was an electronic bank payment for the summer tuition. Again, we did not take out any loans.</p>
<p>@annoyingdad
You explained that very well! That’s exactly what I am trying to do. And holy cow, I was going by the 2011 Publication 970 - I couldn’t find the 2012 version when I printed it out a few months ago. </p>
<p>So by using my numbers above: Out of $14603 scholarships, I would allocate $5041.00 of it toward tuition and claim $3110 of out-of-pocket expenses toward tuition (=$8151)
Plus we paid $890 for summer tuition so that brings me to $4000 for the AOC. So my D pays taxes on $9562, correct? </p>
<p>Thanks to everyone for your feedback!</p>