Can 1098T be entered on parent taxes or student taxes or both?

[ldbo]

I just filed my taxes and entered my daughter's 1098T on my taxes since we claim her as a dependant. I am now helping her with hers and wondering if I am supposed to enter it on her taxes too. We make too much to claim any education credits, so I am not sure if I should enter it on her taxes too.

[Hal_Al · Accepted solution]

Simple answer: you enter only on your tax return, since she is your dependent. 

Actual answer: it depends.  It may go on one or the other, none or both depending on the details.

 The 1098-T is only an informational document. The numbers on it are not required to be entered onto your tax return. However receipt of a 1098-T frequently means you are either eligible for a tuition credit or deduction or possibly your student has taxable scholarship income. 

If you claim the tuition credit, you do need to report that you got one or that you qualify for an exception (the TurboTax interview will handle this)

You claim the tuition credit, or report scholarship income, based on your own financial records, not the 1098-T.  That said, entering the 1098-T makes things go easier.

Since she is your dependent, she cannot claim a tuition credit.  The only reason to enter the 1098-T on her return is if her scholarships exceeded her expenses and some of it was taxable. 

Since you cannot claim a credit, the 1098-T did not need to be entered on your return.  TurboTax most  likely entered nothing about the 1098-T on your actual tax forms.