thanks for the info. It was helpful. another question on 1098 numbers. How would one calculate the taxable grant amt for 2014 proper? Subtract the billed amt (box 2) from the credited amt (box 5) and then divide by two?
Half wd be for tax yr 2014 and the other half plus the Fall of '15 would then be taxed the next yr, tax yr '15 (s/ that occur)?