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posted Jun 3, 2019 1:47:17 PM

If my daughter has a scholarship,grants,prepaid college fund towards tuition, & I still have to pay $5000 out of pocket per semester, can I claim that $5000

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1 Best answer
Intuit Alumni
Jun 3, 2019 1:47:19 PM

Yes, but it has to be reported by entering the 1098-T and all other education expenses if the student is your dependent.

If the student is not your dependent, no, only the taxpayer claiming the student's exemption reports the 1098-T, all other education expenses, and applies for an education credit.

The student (if a non-dependent) or the taxpayer claiming the student's exemption claims all education expenses paid by you, or anyone else, made on behalf of the student.

1 Replies
Intuit Alumni
Jun 3, 2019 1:47:19 PM

Yes, but it has to be reported by entering the 1098-T and all other education expenses if the student is your dependent.

If the student is not your dependent, no, only the taxpayer claiming the student's exemption reports the 1098-T, all other education expenses, and applies for an education credit.

The student (if a non-dependent) or the taxpayer claiming the student's exemption claims all education expenses paid by you, or anyone else, made on behalf of the student.