TT indicates that my dependent 20 year old child must enter the 1098-T on his taxes. Do I still include the 1098-T and additional scholarships on mine? (this doesn't seem correct because his tax return is also paying for the taxable scholarships)
Additional related details and questions:
He has additional scholarships that are not reported on the 1098-T, all together totaling 31,250 in scholarships with qualified expenses of 20,987. The remaining taxable amount he spent on room and board is 10,263. He has W-2's for part time jobs totaling 12,196. This brings his total income to 22,459, resulting in a taxable income of 8,609. Based on form 8615 a portion of that must be based on my tax rate but there is also a checkbox option to claim it on my return.
I've been through the TT step by step on my return and I'm unclear where to do this?
