My daughters in college, the 529 1099-Q has my name on it and the 1098-T has hers, can I enter them both under my return if I am claiming her as a dependent?

Forum|Forum|7 years ago
June 4, 2019
1 reply
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If yes, on her tax return other than being listed as a full time student I assume I should not enter college income/expense items entered in my return?

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You are correct. If your child is being claimed as your dependent, you claim the educational tax credit or deduction that results from the information on her Form 1098-T.

On her tax return, if she has a filing requirement (see below), she would not enter any of the tuition and fees information from her Form 1098-T. That would result in a double benefit and could have serious long-term consequences. It is also important that she would indicate that she can be, and is being, claimed as a dependent on your return.

If your child is being claimed as a dependent, she must file a return if any of the following apply.

Her unearned income was more than $1,050.
Her earned income was more than $6,300.
Her gross income was more than the larger of—

$1,050, or
Her earned income (up to $5,950) plus $350.

Finally, if your child has earnings from self-employment of $400 or more, she must file a tax return and pay self-employment tax (the employer's and employee's share of Social Security and Medicare taxes) on that income.

Anonymous

Answer

You are correct. If your child is being claimed as your dependent, you claim the educational tax credit or deduction that results from the information on her Form 1098-T.

If your child is being claimed as a dependent, she must file a return if any of the following apply.