What tax issues should I prepare for?

mommdc
Sat, 31 Mar 2018 15:35:26 +0000

Since your tuition waiver will have to be applied to tuition, only fees and books will be left to claim for AOTC.

All other scholarships and grants will be taxable, as they will pay for room and board and other nonqualified expenses.

You might want to calculate if you qualify for AOTC and how much, and either claim it, or let daughter deduct the cost of fees and books from her taxable scholarship income.