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Get your taxes done using TurboTax
@NCperson said "if the student / child is your dependent, then the 1098-T MUST be posted on YOUR tax return". That may be an over simplification.
I think what you mean to say is: If the student is your dependent, the student cannot claim a Tuition credit. Only the parent can claim the credit, If they otherwise qualify (income not too high). The parent should enter the 1098-T on their return. However, if the student has taxable scholarship and/or needs to calculate/report a portion of a 529 plan distribution as taxable, she also needs to enter the 1098-T (with any adjustments for amounts used by the parent) to make those calculations. Instead, the numbers can be entered, in TT, without a 1098-T, but that's not intuitive.
‎July 14, 2022
6:13 AM
1,418 Views