paulkem
New Member

1098-T for a dependent with no other reported income

My college student daughter (my dependent) received a 1098-T from her university for her scholarships, which both came from the university and were reported to the university from external sources. The amount in box 5 is $19,475. The amount in box 1 is $9,196. She does not have any other reported income (i.e. W-2's).

  1. Does she need to fill out a return for this?

  2. What do I need to do with this for my return.

It may also be worth noting that my wife and I had been paying into a 529 account and did use $1,000 of that to pay for an iPad for her school use.

 

Thanks