Last year, I got a 1098-T and had no income. When my parents brought my 1098-T to their tax preparer, they didn't file anything for federal or NY. My Box 5 Scholarships and Grants were more than my Box 1 Qualified Expenses by about $4k.
This year, I'm required to file a federal return because I incorrectly contributed to my Roth when I had no earned income and will need to pay the 10% penalty on my earnings. Am I required to also file my 1098-T? When I include my 1098-T information on TurboTax, my NY tax shoots up to $200 because my Box 1 Qualified Expenses are more than my Box 1 Qualified Expenses by approximately $6k and therefore my AGI is $6k.
Do I need to include my Form 1098-T? I've read that since my scholarships exceed my tuition expenses, then the $6k excess scholarships is taxable. And because I'm a single dependent, I will have to file a NY return because my $6k AGI is over the $3,100 threshold. But last year, my parent's tax preparer didn't file anything for NY even though I should have been considered to have a $4k AGI for my taxable scholarship.
Any help is greatly appreciated!
