<p>Hi Melsmom:</p>
<p>Not an accountant either, but let me put in a few comments.</p>
<p>Check out one of the well-known software programs out there. These are very very helpful in figuring out things. It fills in the numbers, it asks the right questions – hey it even had a question about whether you are in the arts field (apparently there is a small tax break). </p>
<p>Yes, you need to input each w-2 and yes you need to input the info from the 1099. As mentioned above, the odds are you (she) will not end up owing taxes, unless there is some interest income elsewhere coming in. </p>
<p>And by the way – and this is a big point – consider taking some funds, perhaps $500 and placing them in a Roth IRA now. She will thank you for it years from now when the interest has accumulated. </p>
<p>If she was earning more money, things such as transportation to auditions, etc. could be deductible – but the chances are you may not need these deductions. It really depends, because she is not (I assume) independent from you. You are presumably taking her as a deduction. The computer program takes all that into consideration. </p>
<p>As far as college scholarships, the program knows how to handle. Most are not taxable. If she has income (work study) that is taxable. There is also a small deduction on tuition costs… better than nothing. </p>
<p>The $50 investment in the program is well worth it. </p>
<p>– Donna</p>