The 1098-T is only any informational
document. The numbers on it are not required to be entered onto your tax return. However
receipt of a 1098-T frequently means you are either eligible for a tuition
credit or deduction or possibly your student has taxable scholarship income.
Since your parents can't claim a credit, they did not need to enter it. They do not need to delete it if they didn't claim anything. TurboTax (TT) would have completed a worksheet showing they are not eligible. If they already file, they do not need to amend.
The same is true for you. If box 5 is smaller than box 1,
you do not have taxable scholarship. And as a dependent, you cannot claim a
tuition credit**. So, you don't need to
enter it either. So, you should delete it. Or you can leave it in, as long as
you didn't claim anything.
**Technically there is a provision that allows you to claim
a tuition credit, from a practical matter it seldom works out. A student, under age 24, is only eligible for
the refundable portion of the American Opportunity Credit if he/she supports
himself by working . She cannot be supporting herself on student loans &
grants and 529 plans and parental support.
If the student actually has a tax liability she can claim a
non-refundable credit but then the parent must forgo claiming the student's
dependency and the student still can’t claim herself.
