Working on my son's taxes. He is not claimed as dependent on any return and his filing status is single. HE has received W 2 and 1098 T from his school. On his 1098 T Box 1 lists $18069.48 and Box 5 lists $32174.00. He has also received W 2 from the same school with Box 1 listing 13213.87. Can someone guide me as what amount I should be entering in the scholarship box in the education section.
Thank you,
KSA
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The amount of his scholarship is the amount reported in Box 5 of his 1098-T form.
Be sure to include all of his expenses for school that are not included in his Tuition amount in Box 1. For example, cost of books, supplies, computer, etc.
Take Advantage of Two Education Tax Credits
Thank you for your response!
with regards,
KSA
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