1098-T High school student

[ericpatdu]

My son is 15 years old and is in high school taking AP courses.  He received a 1090-T and has a $72.00 scholarship.  TurboTax said that the $72.00 is considered income and he should file his own tax return?

[LinaJ2018 · Accepted solution]

If he has no other education expenses being covered by the scholarship, technically the scholarship amount is taxable.  However, he does not meet the filing requirements hence does not require to file. 

If the scholarship amount fully covers the tuition or fees, which should show in box 1,  then you don't even need to enter the 1098-T because he will not qualify for any education benefits. 

[ericpatdu]

Thank you very much TurboTaxLina.  I have a follow-up question.  Box 1 has $144 while Box 5 has $72 so the remaining scholarship was $72.  When you say I don't even need to enter the 1098-T, do you mean that I don't need to enter it on my tax return?

Appreciate your answer.  This is all new to me.

[LinaJ2018]

With the additional information provided, it seems like he has excess education expenses after what the scholarship covers. ( 144-72) Therefore, he will be able to claim a small amount of the education credit for the $72.  Please enter the info in the system.  When I said you don't need to enter is when you scholarship covers all the expenses, which is not your case.