My daughter's 1098-T is showing box 5 (scholarships or grants) exceeded box 1 (payments received for qualified tuition). Her SSN appears on the document, but my understanding is that I, the parent, should enter the 1098-T on my tax return because I am claiming her as a dependent. Does this mean that I have to pay taxes on the overage? What if I enter in other educational expenses such as room and board, that is not covered under box 1, that is more than the overage. Will I still have to pay taxes on it?
