Q. The 1098-T addressed to my daughter with her name and SS#. Since the 1099-Q is address to her with her SS#, should it file on her tax return? Or I can use it to file on my return?
A. The 1098-T is only an informational document. You use it wherever it's needed or you don't use it at all.
Provide the following info for more specific help (I know some of it was already provided, but it'll be helpful to have it all in one place):
- Are you the student or parent.
- Is the student the parent's dependent.
- Box 1 of the 1098-T
- box 5 of the 1098-T
- Any other scholarships not shown in box 5
- Does box 5 include any of the 529/ESA plan payments (it should not)
- Is any of the Scholarship restricted; i.e. it must be used for tuition
- Box 1 of the 1099-Q
- Box 2 of the 1099-Q
- Who’s name and SS# are on the 1099-Q, parent or student (who’s the “recipient”)?
- Room & board paid. If student lives off campus, what is school's R&B on campus charge. If he lives at home, the school’s R&B “allowance for cost of attendance” for student living with parents.
- Other qualified expenses not included in box 1 of the 1098-T, e.g. books & computers
- How much taxable income does the student have, from what sources
- Are you trying to claim the tuition credit (are you eligible, income not too high)?
- Is the student an undergrad or grad student?
- Is the student a degree candidate attending school half time or more?
