The expenses go on the same return as the student. Your dependent, you claim the expenses. However, the magic word, scholarships, that can become taxable income to your son if they are quite large. You may want to look at various scenarios to figure out the best one for the two of you. I am also going to recommend you look at another of my answers for help.
A short example here:
Box 1 $15,000
Box 5 $20,000
Options are:
- Make $5,000 taxable income and nobody gets education credit
- Mark part of box 5 used for room and board and other expenses, Pick any number, say $8,000. This leaves $3,000 for education credits to be claimed. $8,000 goes into taxable income. Education credit is claimed on $3,000.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
