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Does my Kid need to file separately? 1098T and 1099Q received
My 18 year old kid, has No income. Received 1099T (Has bright future scholarship). Used it for paying Tuition directly. Also we took Qualified distribution from 529 savings plan for boarding and computer equipment(1099-Q received, with me as being recipient).
1098T has box 1 - 2500 (payment received for qualified tuition and related expense
Box 5 has 2500 (Scholarship or grants).
Not sure whether any part of scholarship is taxable or not. Any help will be appreciated
‎April 5, 2025
9:49 AM