If my 1098-T is going on my parent's taxes, not mine, do I need to include any of my financial aid refunds on my taxes?

[hollismj0119]

The amount of the refunds were less than my total grants/scholarships and less than my tuition. 

[KrisD]

It depends. Your parents should enter the 1098-T into their TurboTax program so that it can make the calculations. 

You need to let your parents know about any refunded scholarships/aid so they can enter that information in also. 

When everything is calculated, their program will tell them if you need to report any income. 

CLICK HERE for IRS Pub 970 Tax Benefits for Education