What am I suppose to do with this? I don’t really understand what these boxes are. Can someone help me??
It’s a form that alerts your parents that there may be college expenses they can use to claim an education credit on their tax return. It may also serve to alert you that you may have a scholarships/grant amount that is taxable to you. What are the amounts in the various boxes?
I have$150 in box 2 and the rest of the boxes are blank.
You need that form to fill out your taxes. Do an internet search for form 8863 in the IRS website. Read the instructions.
That’s all? Did you just take one class in 2014 or something like that? Are you a dependent on your parent’s tax return?
Yes, I am a dependent on my parents tax return. I forgot to mention that I am a senior in high school, and I took a class that can be transferred to my university.
Ok, give it to your parents and let them determine if the expenses can be used for one of the education credits.