1098-T for college

[Subee]

My child is a full time student and received a 1098-T, which I used to file our taxes.  Do I also use the same information to file his taxes?  We paid the tuition, but he received the scholarships.  Do I leave the scholarship information off of my taxes, or do I include it?  Do I only use the scholarship information on his taxes, and the amount he paid in student loans, or do I use the complete total in Box 1 on his taxes as well?

[DavidS127]

It depends.  If the scholarships your son received exceed the qualified education expenses, your son reports the excess as taxable income on his tax return using the Deductions and Credits>>Education section.  You do not report that scholarship as income on your tax return, but you do get all the education tax benefits associated with the 1098-T.

If the scholarships received were less that his qualified education expenses, your son does not need to report anything associated with the 1098-T on his tax return.