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My daughter is a high school student in Colorado taking concurrent enrollment classes and we received a 1098-T showing tuition paid in box 1 and scholarships and grants for the same amount in box 5. We do not have any out of pocket expenses. Do either I or my daughter need to claim this on our taxes? My daughter is my dependent and does not earn any money and therefore was not going to file a return.
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Since there is no tax consequence you can ignore it.
Q. Do either I or my daughter need to claim this on our taxes?
A. No.
The 1098-T is only an informational document. The numbers on it are not required to be entered onto your tax return.
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