Q. Then if I want to get money back I amend my taxes and put in his 1098-T on mine? Am I correct here?
A. Yes.
Q. He will enter his w2 like normal, his 1099-NEC like normal and then HE will enter his 1098-T with all the values ok the form on his Turbo Tax.?
A. Yes. If you decide to make all his scholarship taxable, so you can claim the AOC, then the easy way to enter the 1098-T, on his return, is with box 1 blank and $4448 in box 5.
Q. Then when it takes us to the section of needing to enter my info and my capital gains and losses, this is what the system is using to determine if he is eligible for the "kiddie tax" and that is what creates the form for the kiddie tax?
A. Yes. When it asks for your info, it has already determined that he is "eligible for the kiddie tax". Your info is used to calculate his tax on form 8615.
