Good morning,
Am new and I haven't file my taxes because of these questions, I have 2 dependent sons in college, which both of them filed already their taxes for 2020 and they earned money w2 and had unearned income from the scholarships excess on box #5 on their 1098-T so that was added on their tax returns in their reported income, so here are the questions do I need to add a 8615, 8614, 8863 forms or do I still report their 1098-T even thought I don't get any credit for it? I am so confused with these questions. Please help me.
- They are still my dependents
- They already file their taxes for 2020
- In their returns it shows that " unearned from scholarships" income was added to their lump sum of earnings for the 2020 tax year. However I don't see any 8615 attached in their tax forms wondering if is an internal form. They used the free tax assistance VITA
- Do I need to attached a 8615 or 8614 or 8863 or do nothing on the 1098-T? Thank you!
