Hello everybody,
I'm little lost on my kids college form 1098T. His BOX 1 is what he paid to tuition which is $4000. His BOX 5 is what he received in scholarship and grant, which is $9000. He lives off campus and he used that leftover $5000 which was refunded to him on rent and textbooks and stuff. Am I suppose to include his form that on my tax return or no? He is still dependent. I'm kind of lost on is that $5000 count as income for him?
