1098-T High school student

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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?

TurboTax Premier Windows

PopeyeTheSaliorAnswer

Level 13

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.

PopeyeTheSaliorAnswer

Level 13

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.

ericpatduAuthor

Level 2

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.