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Get your taxes done using TurboTax
Nuna,
Perhaps the practical answer you were looking for is that you use the 1098-T for your, the parent's, return. Your daughter needs to include scholarship income that exceeds qualified educational expenses that the scholarship paid. The discussions around reducing the amount of qualified educational expenses that are considered paid by the scholarship may be helpful in letting you achieving some or all of the maximum educational credit on your return in exchange for possibly adding some smaller "kiddie tax" on part of the scholarship to your daughter's return. There is actually an online tool Education Benefits Calculator which can aid in this optimization.
March 8, 2023
8:51 PM