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Get your taxes done using TurboTax
No, you don't have to report your 1098-T, unless you want to claim an education credit and because your scholarship income is not a factor based on your comments.
A nonrefundable credit is one that allows you to reduce your tax to zero, but will not allow any excess to be refunded to you. Essentially if you tax is less than the full credit, you credit will be up to the amount of your tax and the rest is lost.
Only the person who claims the dependent that goes to college can take the credit. If you are single and no one claims you as a dependent, then only you can take the credit.
If the credit is of no benefit to you, and you have not registered or paid for your TurboTax product, you can choose to clear you return and start over to drop back to the other version. You will have to start the return over.
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