<p>Taxguy, it would be helpful to point what is the misinformation that was posted on this thread. </p>
<p>Since I posted several items, I'd like to be sure that the information I posted was correct.</p>
<p>There were several things and not necessarily by you. For example, someone thought all athletic scholarships are tax free. This isn't necessarily true. Someone else noted that they understood that "any payments above tuition" is taxable. Again, this may not be true especially if it were for required items. I just didn't want to get into each post and examine what was right, wrong, unclear etc.</p>
<p>Thanks, Taxguy. </p>
<p>As you know, I spent quite a bit of time on this nebulous subject and I wanted to be sure I did not miss something important.</p>