<p>I appreciate if anybody can help me.
I received scholarship $12000 in 2012.
From school record, the amount for qualified education expenses billed in 2012 is$4500 and the amount for qualified education expenses I actrally paid in 2012 is $6600.Because in Dec. 2011 I registered my courses for spring 2012, and school billed me that day, but I acturally paid it (applied to scholarship) in spring next year which is 2012.</p>
<p>When I use the taxable scholarship and fellowship income worksheet to figure out my taxable scholarship, I dont know which amount I should choose to fill the line 6: enter the amount of your qualified education expenses: the amount for qualified education expenses billed in 2012 $4500 ?or the amount for qualified education expenses I actrally paid in 2012 $6600?</p>
<p>I understand after I choose the right amount ($4500 or $6600) from school record, I need add the amount of expenses for books and computer from my own financial record to line6.</p>
<p>You need to print out your Bursars Statement, and see when things were billed and when they were paid. It is most likely that half of the scholarship was posted at the beginning of Semester 1, and the other half was posted at the beginning of Semester 2. </p>
<p>What matters is the amount that you actually paid in 2012 for qualified expenses (tuition, fees, books, and required course materials). Your computer is not a qualified expense UNLESS it is specifically stated in materials published by your school that you must buy a specific type of computer in order to complete your program of studies. The records that the school issues can use different dates, so ignore the amounts of money that aren’t from the semesters that fall in 2012.</p>
<p>thank you for your help,happymomof1.
the information is from school bursars statement, including both the amount for qualified education expenses billed in 2012 and the amount for qualified education expenses I actrally paid in 2012. only the amount billed matches 1098t and it is blank in BOX 1 on 1098T. but i am not applying the education credit, I am just want to figure out how much of my taxable scholarship to see if I need file a tax return.
thank you.</p>
<p>I have a question about my taxable scholarship, hoping can get advices here.thank you.
I received scholarship $12000 in 2012. I am trying to figure out how much of my taxable scholarship to see if i need file a tax return.
From school Bursars Statement, the amount for qualified education expenses billed in 2012 is$4500 and the amount for qualified education expenses I actually paid in 2012 is $6600.Because in Dec. 2011, I registered my courses for spring 2012, and school billed me same day, but I acturally paid it (applied to scholarship) in spring 2012.</p>
<p>When I use the taxable scholarship and fellowship income worksheet to figure out my taxable scholarship, I dont know which amount I should choose to fill the line 6 (enter the amount of your qualified education expenses). should I choose the amount for qualified education expenses billed in 2012 $4500 ?or the amount for qualified education expenses I actrally paid in 2012 $6600?</p>
<p>I understand after I choose the right amount ($4500 or $6600) from school record, I need add the amount of expenses for books and computer from my own financial record to line6.</p>
<p>This part is unclear. What do you mean by applied the payment to a scholarship? Scholarships aren’t a payment that you made so please clarify. Since the school billed in 2011 for spring 2012, how much were the charges for tuition and mandatory fees for spring, how much in scholarships was applied to that spring bill and when and how much did you pay out of pocket toward that bill and when. If there was room & bord on that bill how much was it?</p>
<p>As happymom said, computers aren’t a qualified education expense(QEE) unless all students in your program of study are required to purchase one.</p>
<p>For the purposes of determining taxable scholarships, I would just use the 1098T unless
You specifically paid tuition out of pocket the previous December to count your expense for an education credit and,
Your scholarships you received the next year were not limited to tuition and fees.</p>
<p>If this is your 1st undergrad, you may want to consider putting zero in box 6, paying taxes (10%?) on more of your scholarships, and getting the AOC (100%?) on your book expenses. Pub. 970 is not clear on whether this can or cannot be done.</p>