Hello, any information or guidance would be greatly appreciated. Let's say Single Parent is a Head of household status and has a dependent that received a 1098-T for College and the 1098-T will be reported on the parents tax return to claim Education credits. Dependent is on Parents' 1095-A and a 8962 form will be required for the Premium Tax credits.
Parent is claiming 4,000 for Tuition, which will result in Dependent of having $8200 in taxable scholarships income, and 2200 in W2 income.
1. Does my dependent need to file a tax return to report the 1098-T since the parent is claiming the Education credit?
2. Form 8962 is asking for Dependents' Modified AGI. Do i need to include this on line 2b of form 8962? Would it make a difference if dependent filed or not? Adding their Modified AGI would change the Premium tax credit dramatically.
@Hal_Al I have used some of your replies regarding the 1098-T tax "loophole" and would appreciate any guidance on that portion.
Thank you.
