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Our 18-year Son takes community college classes in high school, and we have a 1098-T with very small amounts - do we need to include it.

 
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3 Replies
KrisD15
Expert Alumni

Our 18-year Son takes community college classes in high school, and we have a 1098-T with very small amounts - do we need to include it.

No, you do not NEED to include Form 1098-T unless Box 5 (scholarships) is larger than Box 1 (tuition paid). 

 

(in that case there would be taxable income that the student would need to claim) 

 

If Box 5 is larger, please continue the question thread and let us know.

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Our 18-year Son takes community college classes in high school, and we have a 1098-T with very small amounts - do we need to include it.

You don’t have to include it but any expenses greater than any scholarship can be used by you for Lifetime Learning Credit. 

Hal_Al
Level 15

Our 18-year Son takes community college classes in high school, and we have a 1098-T with very small amounts - do we need to include it.

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 possibly your student has taxable scholarship income.

 

If your concern is that you don't want the kid to have to file a tax return over small amounts, that's not a problem.  He is not required to file a return if the taxable amount (the amount box 5 exceeds box 1) is less than $14,600 (assuming he has no other income).

 

If Box 1 of the 1098-T is more than box 5, the difference qualifies you for a 20% (of the difference) tax credit.  You may file his 1098-T, on your tax return, to claim the credit.  But it is not mandatory that you claim it. 

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