<p>[I accidentally posted this in another thread--sorry for the duplication.]</p>
<p>I think I may have made a big mistake.</p>
<p>On my daughter's 1098, the total amount billed is $8,346.00
Scholarship amount is $7,353.00
$800.00 of that scholarship amount is a private scholarship that can be used for any college expense. The remainder is a tuition scholarship from the State, so it is directly applied toward tuition.</p>
<p>While reviewing my taxes today before I hit the submit button, I realized that I just entered the entire $7353.00 into the field for scholarship amounts. Upon further research today (yes--I'm one of those last-minute tax filers!), I discovered that I should reduce that amount by $800 since I could use that money toward unqualified expenses (room & board).</p>
<p>However, I already submitted my daughter's taxes a few days ago and I did not list $800 as scholarship income since I was treating it as a qualified expense at that time.</p>
<p>Is there any place to include that income on OUR tax return? Yes, I realize that is not ideal since we'll be taxed at a higher rate. But I don't want to try to amend her return and send up a red flag.</p>
<p>Any suggestions??</p>