I’m 20 years old,full time college student in 2018.My parents will claim me.I got W-2 wage earned $6380,and 1098-T Box1 $26900,Box5 $33500.So should I report 1098T?

justinchang98 · ‎June 4, 2019

MinhT · ‎June 4, 2019

You should file your own tax return and report your form W-2 and the excess scholarship on form 1098-T ($33,500 - $26,900 = $6,600) as income.

You report the scholarship in the Education section under Expenses and Scholarships (form 1098-T) (see attached screenshot).

You need to indicate on your return that you can be claimed as a dependent by someone else.

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MinhT · ‎June 4, 2019

You should file your own tax return and report your form W-2 and the excess scholarship on form 1098-T ($33,500 - $26,900 = $6,600) as income.

You report the scholarship in the Education section under Expenses and Scholarships (form 1098-T) (see attached screenshot).

You need to indicate on your return that you can be claimed as a dependent by someone else.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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