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Get your taxes done using TurboTax
If you claim your student as your Dependent, you can add their 1098-T and 1099-Q to your return. However, you may not need to do so for one or both of these documents.
If the 1098-T has a larger amount in Box 1 (Tuition) than in Box 5 (Scholarships), you may qualify for an Education Credit, so you would want to add this to your return.
If the funds from the 1099-Q were all used for Qualified Education Expenses (including Room & Board), neither your student or you need to enter it in TurboTax, just save it for your records.
Here's more info on How to Enter a 1098-T and Form 1099-Q.
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‎February 26, 2024
1:55 PM