Sorry, I meant 8615 (the one you had referenced earlier).
@PattyZarra wrote:
BTW, I read in other posts, but I just want to make sure. If he has excess scholarships, he files the 1099Qs and 1098-T on his taxes and I don't file anything on mine for education. I claim him as a dependent on my taxes and he puts on his taxes that he is being claimed as a dependent. Is that correct?
Yes ... but there could be options. In most cases he has the option to intentionally make MORE of his scholarship taxable (in most cases the optimal amount is $4000, but $2000 is an acceptable threshold as well). That would allow you to claim an educational credit on your tax return.
However, in your case you need to be really careful with that, because you don't him to have enough income that would create "taxable income" for him, resulting in his income being added to your Household Income for the Premium Tax Credit.
