vic1997
New Member

After you file

Yes... Box 5 was higher than Box 1 (scholarship overage), so I had filed the difference as unearned income on my daughters return and did not claim the credit on mine at all.  On the revised 1098T, the overage was reduced significantly thus reducing her unearned income.  She only worked a small parttime job last year so with all of this, she was still under the threshold of paying any taxes.